(What is this?)
Home > Australia > Property > News : Queensland 'Does Have Affordable Property Options'
Not registered?  Join IPIN now FREE   |  Forgot password?

Queensland 'Does Have Affordable Property Options'

Article Date : Friday, January 11, 2008       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

People looking to purchase investment property in Australia can find affordable options in Queensland, it has been suggested.

Peter McGrath, chairman of the Real Estate Institute of Queensland (REIQ), commented on figures released by the group which found that units or townhouses are demonstrating high growth levels by offering first-time buyers and easy route on to the property ladder.

One-third of the state's major centres offer unit or townhouse prices for less than 250,000 AUD (approximately 114,000 GBP), according to research by REIQ.

Foreign investors with property in Australia may welcome Mr McGrath's opinion that the unit and townhouse market is in good shape following double-digit percentage growth figures being recorded in some areas of the state.

Eagleby, Hope Island, Mermaid Beach, Beenleigh and Eden's Landing were among the high performing suburbs singled out by REIQ's report.

"In today's market, properties under 250,000 AUD represent a very affordable way into the market and ensures that first home buyers can better meet their monthly loan repayments," Mr McGrath remarked.

Around 85 per cent of Queensland's real estate agencies are members of the REIQ, according to the body's website.
Listing Separator

Related Articles

  1. Late bloom for Broome tourism
  2. Non-bank lenders lose slice of mortgage pie
  3. Qantas cuts 1,500 jobs
  4. Qld to target interstate tourists: Minister
  5. Darwin renters warned of property scam



Listing Separator

Let us search for you Let Us find Property in Australia for You

Fill out a requirements form and our experts will help you find a great selection of Properties for sale in Australia.
Let us searchHelp me find property in Australia


Subscribe to This Feed

RSS News
Subscribe to this RSS Feed
Country: Australia
Channel: All

More RSS FeedsGo

View News by ChannelView News by Channel

Media/Press SectionProperty News Search


   

News ArchivesNews Archives

View worldwide property news from as far back as 2005 in our News Archives Section.

View News ArchivesGo

Media/Press SectionMedia/Press Section

Are you a Press or Media professional? We have access to a wide and varied collection of data and statistics which may be of interest to you.

Journalists click hereGo

View News by ChannelSee Your News Here

Submit your news feed for spidering by our news robot. Simply enter the url of your RSS feed in the text box below and click the submit button

Submit Your RSS FeedGo