QLD Real Estate : The Fastest Growing Real Estate Markets

Eastern Australia is in the middle of a housing boom - especially in the states of New South Wales and Queensland, and investors are jumping at the opportunity to get in on the ground floor. According to the latest reports on the housing market from nab.com.au, Sydney has shown some of the strongest growth, but the latest news Brisbane reports that the Brisbane property market has shown some strong growth as well. But what has caused such a dramatic upsurge in the Australian housing market? Here are five of the strongest contributing factors.

• Straight Convenience - Buying and selling properties in Queensland has become easier than ever before. Much of the paperwork can be handled electronically, property settlements can be handled online through PEXA (Property Exchange Australia, LTD), which is fully backed by the Australian Government, and buyers, property brokers and sellers can all collaborate online. This is mostly the work of the COAG's (Coalition of Australian Governments) latest project aimed at simplifying real estate exchanges by bringing Queensland's $864 billion real estate industry into the digital age, and so far, the results look promising.

• Falling interest rates - Falling interest rates have made home ownership a more attractive and more affordable option for Australians, and has also caused a 7.9% average increase in home values across capital cities, especially Sydney, which has experienced a 14.5% increase in home values by itself. (By comparison, Melbourne saw the next-strongest growth at 6.9%, Brisbane home prices grew 2.2% and Adelaide home prices saw a 1.7% increase.

• Recent commodities market performance shift - In previous years, areas with strong resource and commodities sectors saw the strongest growth. However, a recent fall in commodities markets has caused a shift in market performance to lifestyle-based markets. This has caused a drop in home price in states that are strongly linked to resources and commodities - most notably Western Australia, which saw a 3.1% decrease in home prices. This brings us to the next factor.

• Weaker housing conditions in regional areas - As stated previously, many regional areas, such as Victoria, Western Australia, and South Australia, are facing a weaker housing market due to the market performance shift. However, the falling prices in regional areas has in part contributed to the rising prices in other areas, as people move away from the regional areas.

• Increasing rental prices - According to a quotation from Remax principal Tony Williamson from this news article from the Cairns Post, a large portion of renters have left the rental market in favor of purchasing their properties outright due to rising rental prices. (The news article reported an increase in rental prices of 2.6 percent.) Brisbane property news hasn't been this good in many years. This latest exodus from the rental market has created some lucrative opportunities for real estate investors because of the large buyer pool. In fact, Williamson further stated to the Cairns Post that if investors can offer a property that caters to a buyer's lifestyle and offers a lot of convenience, the property will likely sell very quickly.

There Are Many Ways to Get Into Real Estate Investment in Australia.

If you wish to get started in housing investments, Wikipedia has a list of some of the options available to you, both in Australia and all over the world. Real estate online training exists all over Australia. For example, the University of New South Wales offers a fantastic property management course online that will allow you to earn an MPD (Master of Property and Development) degree, and RMIT University also offers MBP (Master of Business in Property) courses. Online course such as QLD real estate sales & property management gives you the necessary training requirements to take your registration certificate and upgrade to become a full licenced agent or principal licensee in QLD. These courses will help you learn how to track market trends so you can learn what buyers want most in a home.

Conclusion

There have never been more reasons to invest in real estate qld than now. According to the latest reports, the rental market may continue its climb skyward for a while yet, so it's not too late to get in the game. However, as with most other investments, there is always some risk, but there is an old saying many investors use - If there is no risk, there is no reward. Why not take the risk, and potentially make a good future for yourself and your posterity by investing in real estate Brisbane?