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ISCOVER
Staff Reporter
Queensland has been highlighted as the state to watch for property buyers and developers.
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According to a recent survey conducted by Ray White Projects, a majority of respondents view Queensland and New South Wales as the places to invest in residential projects over the next five years.
“It’s an interesting insight that Queensland, which has had a rough trot post-GFC, is their location of interest over the next five years,” Ray White Projects director Dan White said.
“We have had a record start to the year in Queensland, with record deposits taken for new apartments in January and February across a wide number of new developments.”
Queensland was the state of choice for 34 per cent of the respondents surveyed across Australia, with New South Wales close behind at 30 per cent.
South Australia was the least likely to attract buyers, with only 3 per cent of respondents identifying it as the next hotspot.
Western Australia, Victoria and the Northern Territory scored 14, 13 and 6 per cent respectively.
“Our projects teams are increasingly reporting investment property sales to buyers from interstate,” he said.
“Such is the fluidity of property information, buyers are able to select investments which offer the best returns, or simply offer a commercially viable holiday home with good rental prospects.
