Australia’s real estate growth has been climbing up the charts over the past few years.
Although the market has seen its ups and downs, it has performed strongly on a good note and showing positive signs for future growth.
The new and upcoming residential projects have given a boost to the infrastructure in areas that experience a wave of new residential projects in Brisbane and Melbourne in particular.
After a steady rise in new residential projects in these areas, it’s easy to be left in a state of confusion, or be overwhelmed by the choice when looking for a project to invest in.
There is a such wide array of choices in new residential properties, starting from, houses, apartments, duplex’s or villas. One can opt for the type of new residential project to invest in, based on their financial capacity, needs, and desires.
Where to invest in new residential projects in Australia?
Queensland is the upcoming destination due to the wide availability of space and weather which suits many families looking for lifestyle. Some areas are booming with the development of houses and communities because of this.
Upper Coomera is a sector that has observed constant demand and growth in real estate over the last few years. The evolving infrastructure, flourishing job opportunities, and mounting demand of the middle-class sector towards purchasing new properties in Qld, have escalated the demand for family residential developments in this part.
South Brisbane is favoured with an existing social infrastructure, cumulative corporate empires, and growing multicultural lifestyle, and close to the city employment hub.
In each part of Brisbane, the success and demand of a new residential project are strongly dependent upon the infrastructural connectivity and lots of natural bush land, for an active lifestyle.
Tips for Smart investment in residential projects in Qld:
Do not aim solely at discounts or the lowest advertised price:
Although, a discount is attractive. There’s other factors to consider. Deals accommodating discounts and lower rates to investors may not always be the best purchase for one’s needs.
Amenities: In most new Brisbane projects, amenities provided by the developers aid in property transactions. However, you should only opt for projects, which offer amenities that offer lifestyle choices with close by infrastructure, such as railway stations, schools, shopping centres, Bunnings and work places etc.
Each of these amenities contribute to future growth of the residential prices and demand for rental properties making it desirable for families.
Reputable developers and builders: With the growth in new and upcoming residential projects, you should only opt for a reputable developer with a market presence that indirectly assures the quality of purchased property and guarantee of successful completion of the project with a fixed price contract.
Australia with its fast growing multi-cultural population, evolving infrastructure, high demand residential facilities and high-end educational institutes is a promising area for new home investors looking to maximize yield and growth.
Liberty Strategies provides a complete end to end service for investors looking to maximize their return on investment, by way of :
- Debt Reduction
- Asset Accumulation
- Legal Tax Minimisation