Where to invest in 2021?
- By Peter Gordon
- •
- 27 Jan, 2021
Where to invest next?
The Fraser Coast is located three and a half hours north of Brisbane and an hour south of Bundaberg. It is the main service centre for the region which is a rapidly expanding region home to more than 110,000 people. It has an ideal climate, enviable coastal lifestyle and next door to the world heritage listed Fraser Island. With such an amazing lifestyle on offer, it's easy to see why so many people are relocating there.
Retirees have always been attracted to the area, however, the demographic is changing. Retirees don't have jobs, but they create them in massive numbers. The first and most obvious needs of these are medical services. The expansion of health care services along the Fraser Coast in the last decade has been massive and continues to boom. These are well paid professionals.
Retiree socialise, eat out, need gardeners, people to service their cars, sell them caravans and boats etc etc etc. The multiplier affect means there are more people and young families moving to the Fraser Coast y to fill the void in services required. And these relocating young families need schools, home builders, furniture, sporting facilities, police officers etc etc.
And since COVID struck, demand for homes to buy and rent has surged even more from people wanting to relocate from Sydney, Melbourne and Brisbane. So land sales are at record levels and the vacancy rate is less than 1%. All of the fundamentals for a price boom are in play.
Why Invest in the Fraser Coast?
Lifestyle
Fantastic climate, beautiful beaches, great schools, hospitals, a University and TAFE and everything is only minutes away. No traffic cues or crowded beaches.
Affordability
The median house price on the Fraser Coast is around $350,000. You can't even buy land for that price 40kms from Sydney. People moving to the region can potentially upgrade to a bigger and better home and still have a chunk of money to bank. So, new residents can now afford that boat or caravan they have always dreamed of. It's not only housing that is cheaper. School fees are less, lower council rates, cheaper entertainment with so many amazing natural attractions an easy day trip away.
Positive Cash Flow
Due to ongoing high demand the vacancy rate in the area is now below 1% and returns are above 5%. With interest rates at historic lows, the overwhelming majority of people investing in property here will have positive cash flow.
If you're considering investing in property we're here to help! Let us assist you and show you the areas we believe are ticking all the boxes in 2021, check out our property page or contact me for a Zoom meeting.schedule a Zoom Meeting here
| Quiet simply, the Palms is the place to buy! |
Sydneysiders and Melburnians, put aside your equally outstanding flat whites for a moment. Stop bickering about whether great beaches beat cool laneways (they do) and desist from debating whether all baristas require waxed moustaches (ideally).
Because Brisbane is closing in on the title of Australia’s best city, and we must join forces to keep this subtropical upstart in its place.
Time magazine recently named Brisvegas on its “World’s Greatest Places” list, and omitted our cities. It’s a huge shock (and who knew they still published Time magazine?). But they might be onto something.
Time points to the 2032 Olympic and Paralympic Games, which will be hosted in the maroon metropolis. Brisbane will do a fine job, even though it’ll baffle the world when rugby league is added to the schedule and Queensland is allowed to field its own team.
Time’s most radical claim is that Brisbane is worth visiting now, but tourism is surging. Not only did Lin-Manuel Miranda recently drop in to catch Hamilton , but hundreds of Hamilfans flew up to watch his interview with Leigh Sales (presumably unaware that it would subsequently arrive on iView for free).
A leading local agent has appraised each side of these duplex's to be worth $665k on completion and rent for $495 per week. So that is massive potentail instant equity of up to $390K on completion, which is incredibly hard to find.