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The next boom suburb

Is Queensland still strong?

This is the question being pondered by research analysts over the past few months. It is true that the natural disasters have shaken the otherwise, seemingly bullet-proof Queensland economy. This is well documented and we are not about to repeat the old news.

 

But at last some facts to demonstrate that the underlying fundamentals will form a solid foundation for the future of the Queensland economy. According to Mark Hewit of AFG “More than a third of loans (36.5%) processed in Queensland in May were investment loans, the highest figure for more than a year, according to the latest AFG Mortgage Index. This is just below the proportion of investment loans processed in Victoria (38.8%) and NSW (37.9%)” (reference Property Observer News). Mark goes on to suggest that Queensland is  a buyers market now in certain segments.

 

Investment Property Partner shares the view that Queensland holds some great opportunities for investors in some pockets. We have taken advantage of these opportunities and have a number of investors deciding to buy in this market. The release of the figures form AFG suggest that we are not alone in our view that Queensland shows potential at the moment.