Queensland 'Does Have Affordable Property Options'

Article Date : 11 January 2008
News Section: Australia

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.

Like this? Then share with your friends and colleagues!

Article created on behalf of Propertyshowrooms.com News Desk (http://www.propertyshowrooms.com/news/)

Queensland 'Does Have Affordable Property Options'

Like this? Then share with your friends and colleagues!

Related Articles

Let Us find Property in Australia for You

Subscribe to This Feed

Property News in Australia

Property News Search

News Archives