On the look out for a unit in Brisbane for around $350k-$450k?
Having a look at the economy; construction has increased in the first quarter of this year which means growth.
According to the Australian Bureau of Statistics:
- construction work grew 1.9% for the March quarter to $39.5m
- residential construction grew 0.9%
- construction work grew in all states except for the Northern Territory where it fell
The two suburbs in Brisbane which had over 50 unit listings for a median price of $350k-$450k were Summer Hill and Chermside. Great opportunities for potential first homebuyers and investors.
In the full property report video Dan Molloy, REIQ MD, is interviewed on what else needs to be done to boost first homebuyer numbers in Queensland.
This weeks tax tip is on how to turn your home into an investment property and what the Australian Tax Office requires in order to achieve this.