Where Real Estate Investors Are Buying The Fall

Property Investors are taking advantage of the market downturn and are flocking to south-east Queensland and the coastal suburbs of Adelaide, according to a new report.

Even though home prices are sinking across the country, BuyersBuyers CEO Doron Peleg said now was a “potentially right time to buy” with an eye to the future.

“The question is where?” he said.

Property investors are taking advantage of the market downturn and are flocking to south-east Queensland and the coastal suburbs of Adelaide. (Peter Ray)

Adelaide’s seaside suburbs south of the city and parts of south-east Queensland are attracting buyers’ attention, Peleg said.

Tens of thousands of people packed up and left New South Wales and Victoria from COVID-19 devastated both states, but Queensland is a magnet.

Some 41,000 people moved to the Sunshine State in the last fiscal year, after 30,900 moved there from other states and territories the year before.

High-rise apartments on the Gold Coast.
Queensland is experiencing a huge increase in interstate migration, putting pressure on the rental property market. (AFR / Robert Rough)

Queensland’s population is projected to grow by 1.5 million people by 2041, and rents have skyrocketed.

Peleg said there are still some affordable options in Brisbane’s north-side suburbs, on the Gold Coast and even on the Sunshine Coast.

“But buyers need to be more mindful of what they buy and the price they pay after a pandemic surge.”

In the long term, the 2032 Brisbane Olympics will drive up prices in some parts of the city due to the infrastructure and investment the global event will bring.

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Property prices have skyrocketed in the last two years, but Reserve Bank rates rise and rise living costs They have softened the market.

However, according to the report, prices in Sydney are still 34% higher than at the time of the 2019 election, and in Brisbane and Adelaide prices are still 48% and 47% higher, respectively.

Seen through this lens, Pete Wargent, co-founder of BuyersBuyers, said such a correction is “hardly surprising, or even problematic.”

The next RBA decision is scheduled for September 6.

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