Local real estate mogul John McGrath insists investors should focus their attention on Southeast Queensland properties. At the recent Australasia Real Estate Conference, he predicted the “golden triangle” stretching from Toowoomba to the Sunshine Coast and down to the Gold Coast would offer investors the country’s best chance for significant capital growth over the next three to five years.
“Southeast Queensland is my top pick of everywhere to buy in Australasia at the moment,” he told News Corp Australia at the real estate event.
Short-term capital growth will be fuelled by the region’s affordable property prices and enviable lifestyle. Rather than spending $700,000 on a one-bedroom unit in Sydney, investors could purchase a house or spacious unit on a Gold Coast canal for a comparable amount. These properties put tenants close to beaches, restaurants, and retail outlets, so they’re always easy to fill. As McGrath explained, “You can live a multi-millionaire’s lifestyle on the Gold Coast without being a multi-millionaire.”
McGrath added that it’s the ideal time to buy investment properties as the national interest rate is at a record low. “Right now, you can lock in the cheapest money you have ever been able to borrow,” he affirmed.
Chase Edwards has exclusive access to house and land packages in Warwick and Pimpama estates. These properties located within the golden triangle are ideal for investors looking to take advantage of Southeast Queensland’s enviable real estate market and record low interest rates. Contact us today to 1300 854 833 (NSW) or 1300 440 281 (Qld) to learn more about adding these investment properties to your real estate portfolio.