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2014 – Queensland Property Investment : Terry Ryder’s Top 10 Picks … posted on the 1st September 2014

Ipswich Granny Flats brings you an up to date extract for all those budding investors wondering where to purchase their next investment property …

And you’ll never guess what area is mentioned (Check out Number 4 …)

 

 Terry Ryder’s Top 10 Queensland Hotspots

Property Observer

Jessie Richardson, 26.8.14

 

Terry Ryder was one of a number of property commentators who tipped that this year would be Brisbane’s time to shine.

The hotspotting.com.au founder stands by his claims, releasing a new report detailing his 10 Queensland “hotspots” – areas Ryder and his team believe show good potential for price growth and are strong investment material.

Ryder names 10 areas in Brisbane and regional Queensland that he predicts will benefit from tourism, infrastructure investment, agriculture or resources. Unfortunately, it’s not all sunny for the sunshine state. According to Ryder, areas including Emerald, Mackay and Gladstone are all suffering from over-supply and don’t present good prospects for investors.

“Markets to avoid include Gladstone, Mackay and Emerald,” writes Ryder. “Gladstone continues to have enormous economic growth factors, particularly from the LNG infrastructure under construction, but its property market has been destroyed by over-building by property developers.

Mackay and Emerald have both been afflicted by oversupply as a time when demand from the coal industry has weakened. Emerald is likely to recover first, once one of the Galilee Basin coal mining projects start construction.”

Ryder also cautions those who are hoping to jump into the Gold Coast market.

The seeds of the next over-supply are already being sown on the Gold Coast and any gains are likely to be short-term. This is a market for speculators, rather than long-term investors,” explains Ryder. Ryder names 10 areas in Brisbane and regional Queensland that he predicts will benefit from tourism, infrastructure investment, agriculture or resources. Unfortunately, it’s not all sunny for the sunshine state. According to Ryder, areas including Emerald, Mackay and Gladstone are all suffering from over-supply and don’t present good prospects for investors.

TERRY RYDER’S TOP 10 QUEENSLAND HOTSPOTS:

1.     Brisbane Northside

2.     Cairns

3.     Hervey Bay

4.     IPSWICH

Ryder’s reasons for growth:

–     Cheapies with prospects

–     Government decisions

–     Transport infrastructure

–     Urban renewal

Big projects coming for Ipswich, in Brisbane’s south west, include the $2.8 billion Ipswich Motorway Upgrade, $12 billion Springfield project, the $1.5 billion Springfield rail link and the Orion shopping centre, along with expansions to the RAAF base, and large industrial estates. Ryder also claims the area has a strong economy, with multiple employment hubs and affordable properties.

“The Ipswich corridor is now well-known as a growth region. Prices rose strongly in the five years to 2009 (before tapering off), giving the suburbs of Ipswich City the strongest capital growth averages ?in the Greater Brisbane region,” writes Ryder.

“Ipswich has shown strong growth in the past but we believe its evolution into a headline hotspot of national standing will continue well into the future. There remain many suburbs that are attractively affordable for first-home buyers and investors on a budget.”

For those after an affordable option, the report states that a $250,000 house is typical for North Ipswich. The two bedroom home pictured below sold for $245,000 this month.

blog 53 - sold house in NI

“The Ipswich [Local Government Area] is dominated by couples-with-children households with an above-average proportion of single-parent households. The average age of 33 is younger than the Brisbane average and the average income is lower,” states the report.

Ryder recommends investors look at the town’s Redbank precinct, the inner eastern suburbs and the southern precinct.

Ryder’s summary of Ipswich’s house market:

blog 53 - ipswich chart

5.     Kelvin Grove

6.     Logan City

7.     Redcliffe

8.     Sunshine Coast

9.     Toowoomba

10.     Townsville

 

All 10 of Ryder’s hotspots are characterised by strong current infrastructure or planned infrastructure investment.

 

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Written by Sonia Woolley