Investing and finding the right place can be challenging at times. However, some areas have the potential to be the ideal place to invest and settle in. Where is the next powerhouse property? According to a recent report by realestate.com.au, "Southeast Queensland is predicted by many to be Australia's next property hot spot." While others are still probing and speculating, one person seems to think differently. According to a previous report by news.com.au, Property powerhouse John McGrath, stated, "There is only one place in all of Australasia to be buying real estate right now."
John McGrath calls it "The Golden Triangle". It stands out that "The Golden Triangle" has much to offer. McGrath further stated, "This triangular shaped region is set to boom between now and 2020." The property value in this area is rising and the cost of living in this place is lower compared to that of Sydney or Melbourne.
According a recent report by realestate.com.au, "The real estate in Southeast Queensland are undervalued and there is an overdue of big capital value with home loan interest rates still historically low." For instance, anyone can buy a house on a Gold Coast canal for the price of $700,000, and this amount is the same payment when people are buying a one-bedroom unit in the Sydney district.
Jessica Darnbrough, National Spokeswoman for Mortgage Choice also agrees with this analysis and the potential of Southeast Queensland. Darnbrough previously stated that "Many suburbs in southeast Queensland took a battering in terms of price growth, but in recent months the suburbs in this area seemed to have turned a corner."
"Knowing this, it could be said that Southeast Queensland and those properties located in the 'golden property triangle' are heading for solid growth," as stated in a report by realestate.com.au. So for those that are eyeing on investing and aiming for solid growth and real estate stability, capitalize and turn the focus on "The Golden Triangle" of Australia.