Investors are once again turning their attention to the property market, as recent data unveils a surge in demand for areas poised for a potential upswing. While many investors are seizing the opportunity to capitalize on substantial price gains by selling their properties, the allure of rising property values, increasing rents, and greater certainty regarding interest rates is enticing landlords back into the market.

Analysis of PropTrack data reveals a recurring trend among Local Government Areas (LGAs): weekly rents have outpaced those of their respective capital cities or regions, while property prices either declined or underperformed over the past year. However, they are now displaying early signs of a resurgence.

Following a meteoric rise during the pandemic, investors may be sensing a renewed buying opportunity. Furthermore, there is an uptick in available property listings—more than we've seen previously. This phenomenon is partly driven by some investors who find their properties less financially viable due to the significant shifts in interest rates within society.

Top QLD Hotspots for Investor Inquiries:

In Queensland, the top five LGAs experiencing the most significant increases in investor inquiries are all situated in regional areas: Isaac (64%), Livingstone (47%), Central Highlands (46%), Mackay (43%), and Gladstone (38%) are all witnessing a robust surge in demand (Calautti, 2023).

This trend coincides with recent data from the Australian Bureau of Statistics, which indicates that the value of new investor housing loan commitments in Queensland expanded by 6.8% to reach $1.9 billion in July. This figure represents a notable 31% increase since February 2023. While investor lending has been on an upward trajectory at the national level since February, it remains 7.2% lower compared to the same period a year ago.

In this dynamic and evolving market, arming yourself with information is key to real estate success. Staying informed about current market conditions and monitoring ongoing developments is crucial for anyone involved in or interested in the property market. 

To learn more about this from our real estate professionals, get in touch with us through our website or via phone (0401 844 942). We’d love to discuss with you your unique property portfolio, and offer relevant and continued support to you in this regard. 

BILL TURNER
Principal Real Estate Agent 

References and further reading: 

‘The Next Investor Hotspots’, Lisa Calautti:

https://www.realestate.com.au/news/the-next-investor-hotspots/ 

Australian Bureau of Statistics 01/09/2023 Media Release:

https://www.abs.gov.au/media-centre/media-releases/queensland-housing-investment-rose-68-july#:~:text=The%20value%20of%20new%20investor,Bureau%20of%20Statistics%20(ABS).