Queensland Top Pick For Property Invement
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Queensland Top Pick For Property Invement

The Sunshine State has emerged most popular over the past 18 months.

By Terry Christodoulou
Tue, Oct 19, 2021Grey Clock < 1 min

Interest in property investment in Queensland is on the up according to a new report that highlighted the state as Australia’s number one property investment location.

The 2021 Property Investment Professionals of Australia (PIPA) Investor Sentiment Survey found the sunshine state the best place to buy based on strong market conditions and overall sentiment.

According to the report, 58% of investors believe Queensland offers the best property investment prospects over the next 12 months – a figure that’s lifted 36% in the last year.

While things look sunny up north, New South Wales was second at 16%, down from 21% the year prior and Victoria third at 10%, down significantly from 27% last year.

The result, which steals the spotlight away from major markets Sydney and Melbourne, shouldn’t come as too much of a surprise with the Brisbane median house price rising 19.2% since the start of the year according to CoreLogic.

MOST POPULAR

Melbourne’s prestige market has had an exceptional year.

An influx of people could calm future volatility.

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