Two out of five houses sold to investors last year in Queensland. Investor interest in townhouses & apartments is much higher, with seven out of ten townhouses selling to investors & 85% of apartments being sold to non-residents.Sales to investors are up on 2012, by about 10%. During 2014 they will get even higher.
Most houses in Queensland – like the rest of the country – are purchased by owner-residents.
Investor interest – so far this cycle – has been more limited in the south east corner of the state than in Queensland’s regions. This is a trend that is somewhat consistent across townhouses & apartment sales as well.
More townhouses sell to investors than to owner-residents. A trend which is not only evident in off-plan/new townhouse sales, but also for resales too.
Owner-resident interest does increase at resale, but only if the townhouse complex has certain features. These include:
Three or four-bedroom
Off street parking for two cars
Limited road traffic noise
Again the owner-resident interest in townhouses is highest in the south-east.Townhouse living is becoming more popular in Brisbane & on both the Gold and Sunshine Coasts.
Townhouse development is expected to increase, at the expense of new house/land, across SEQ in coming years/decades.