Record low interest rates coupled with house prices bottoming out mean there has never been a better time for first home-buyers to enter the Townsville property market. REIQ Townsville zone chairman Damian Keyes said first home buyers were often put off by well meaning but ill-informed advice to stay out of the property market. At some point you have to ignore three-quarters of that advice and just jump in.
Southern investors are once again eyeing off the Gold Coast property market with a leading real estate industry identity labelling it a “compelling’’ market to invest in.
With quality properties at often half the price of southern markets, it was a good place to invest according to leading real estate identity John McGrath, of McGrath Real Estate who is currently on the Gold Coast to host the 20th annual Australasian Real Estate Conference.
Mr McGrath said while Sydney and Melbourne investors had dropped off from the Gold Coast and southeast Queensland during the Global Financial Crisis, they were now returning to the market.