If you want to purchase an investment property, you might want to look into properties in Queensland. Recent reports have highlighted the state for its resilience and affordability.
According to the Brisbane Affordable and Liveable Property Guide, 42.4% of Brisbane suburbs now offer first home buyers the chance to buy under $500,000.
The Courier Mail reports that in Queensland, first home buyers can access the $15,000 First Home Owners Grant (FHOG), which was reduced from $20,000 in the last state budget.
Also, the Brisbane metropolitan area is currently experiencing a housing boom, with large parcels of land set aside as Priority Development Areas.
Among the top suburbs include Indooroopilly, Toowong and New Farm. Indooroopilly is great for buyers who want proximity to good schools as top feature. A variety of transport options are available to residents here as well.
Meanwhile, Toowong has been a hive of development and was notably largely unaffected by the 2011 floods.
New Farm is one of Brisbane’s most expensive suburbs, but there are units that are reasonably priced. The median sales price for a unit is $555,000. The suburb is popular with young families and professional couples.
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