Highlights:
- Steve McMenamin highlighted Queensland as Australia's top hotspot for property investment during the House + Land Expo.
- House and Land Co, a national property company, has assisted over 1,100 families in purchasing properties worth over one billion dollars in the past 20 years, focusing on a property investment checklist.
- Home Corp, a developer and builder based in Queensland, is the 15th largest builder in Australia and the second largest in Queensland, offering a property investment checklist with factors like location, infrastructure projects, and economic drivers.
- The Brisbane-Gold Coast area known as the Golden Triangle was emphasised as a prime location for investment due to its lifestyle, rental yield, and affordability, attracting thousands of people from Melbourne and Sydney.
- Southeast Queensland, including Logan, was mentioned as a proven and trusted location for investment, offering affordability, large land sizes, and proximity to key areas like Brisbane and the Gold Coast.
During the House + Land Expo, Steve McMenamin presented a discussion on why Queensland is considered Australia's top hotspot for property investment. He introduced House and Land Co, a national property company specialising in positive geared real estate. They have assisted over 1,100 families in purchasing properties worth over one billion dollars in the past 20 years. Their focus is on a property investment checklist, ensuring the identification of 10 key factors required for purchasing a brand new property.
Dan Hillier, the national sales and marketing manager for Home Corp, spoke about the company being a developer and builder based in Queensland. Home Corp is the 15th largest builder in Australia and the second largest in Queensland. The property investment checklist includes factors such as location within 30 to 35 kilometers of the CBD, infrastructure projects, economic drivers, population growth, new job creation, and market cycle and timing.
Queensland, particularly the Brisbane-Gold Coast area known as the Golden Triangle, was highlighted as the prime location for investment. The region offers a balanced combination of lifestyle and rental yield, attracting around 75,000 people from Melbourne and Sydney due to its affordability. The ideal rental yield in Queensland is 5% or greater, making it an attractive choice for investors. Additionally, inland areas like Ipswich and Toowoomba offer strong growth potential due to their access to army bases and other amenities.
The presenters emphasised the importance of conducting due diligence as both a land developer and builder. They highlighted factors such as population growth, investment spending by the government, employment opportunities, transportation, and education. Southeast Queensland, including Logan, was mentioned as a proven and trusted location for investment. Logan offers affordability, large land sizes, and proximity to the beach, Brisbane, and the Gold Coast.
The discussion also touched upon the rising rental rates in Queensland and the market's positive growth over the past 12 months. The influx of interstate migration, particularly from Victoria and New South Wales, has contributed to the strong demand for properties and subsequent price increases. The vacancy rates in the Gold Coast area are low, indicating a favourable market for investors. Home Corp assured potential buyers of their commitment to building safe and secure homes, and their association with Toyota provides financial stability.
Overall, the presenters were optimistic about the future of Queensland's property market, citing ongoing infrastructure projects, government spending, and population growth as driving factors. They invited attendees to visit their booth for more detailed discussions about market conditions, builders, and available house and land packages. The presentation concluded with an upbeat outlook for 2023, promising bigger and better opportunities in the Queensland property market.
