Planning for a sound financial future might include investing in property for the average Australian. And so it should, as a home is one of the most stable investments on the market – they aren’t subject to the same sorts of fluctuations as other stocks or shares might be. Buying land and building a new investment home in Queensland, particularly at the moment, is a wise move.
One of Australia’s hottest tourist destinations is the tropical north, and the Queensland Tourism Investment Guide for 2016 predicts that the state will grow by 4.5 per cent over the course of 2016-17. That’s going to mean more people needing a home, and as an investment owner, you could capitalise.
Why is building a new home the right move?
Taking the popular Sunshine Coast region, for example, it’s clear that you should avoid the competition on the market and build a new home design with G.J. Gardner Homes.
According to SQM Research, 658 properties were listed for sale in July 2016. In April 2015, the number of homes listed was just 503. Sellers are capitalising on the greater number of buyers, and that’s also raising asking prices.
CoreLogic RP Data reports that the median dwelling value in Brisbane and the Gold Coast is well over $500,000. That represents an increase of 4.5 per cent over the past year, and if the investment potential for the state remains elevated, so too could the cost of buying a home.
The costs of building a home are set out from the beginning, so you know what you should expect to pay.
Instead of forking out all of your money on an existing home that isn’t exactly what you want, buy a plot of land, choose a home design from G.J. Gardner Homes that suits you, and get ready for tenants to come knocking as soon as construction is complete. The costs of building a home are set out clearly from the beginning, so you know what you should expect to pay – no hidden surprises. It might end up saving you some money, too.
Building to invest
A separate report from SQM Research points out that the vacancy rate on the Sunshine Coast is 1.6 per cent, although 4 per cent of properties in the region are actively vacant. That should encourage people who are unsure about starting their property portfolio – there’s a good chance you’ll be earning money from a tenancy as soon as your home is built!
Get in touch with the team at G.J. Gardner Homes today to discuss investment opportunities in Queensland – start preparing for your financial future with a new home.