• The population in Queensland will grow by 110,000 in 2010, equivalent to 48,000 additional dwellings but we will only see 30,000 new dwellings constructed. This downturn in new dwelling commencements will affect employment and all ancillary industries such as finance, trades, white goods, electrical and furniture.
• Housing finance will be difficult to obtain and interest rates could rise a further 1.0% to 1.5% in the year.
• House prices will generally increase at less than the rate of inflation.
• Commercial property (except retail) will continue to perform poorly, with high vacancy rates and little or no capital growth.
• The regional areas of Toowoomba, westward to Chinchilla, Dalby, Argyle, and north to Hervey Bay, Gladstone and Rockhampton will perform better than the south-east in terms of price growth and dwelling construction.
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1 comment:
Thanks Bill for setting the statistics straight. It is important to be informed before engaging into any investment. My uncle, who is based in Australia now, is looking for any wise use of money, better advice him for a Queensland
property investment, on which I already did some few research and then advice him to refer to your blog for him to guide on.
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