Did you know? South East Queensland recorded a population growth rate of 1.6 percent in the 12 months to 30 June 2020, above the national average.
The Australian Bureau of Statistics projects that there will be an additional 1.58 million residents between 2020 and 2041 to reach 5.35 million.
This equates to 79,000 new residents, mostly due to interstate migration, every year for 20 years. In simple terms: a staggering 610 new homes required every week, for the next 20 years, to meet this expanding housing demand. The QLD Government has allocated $134 billion in economic development to support this massive population growth and once-in-a-lifetime infrastructure boom, in the lead-up to the 2032 Olympics.
The 350 plus major infrastructure projects are expected to support approximately 930,000 jobs through to 2031.
Now is the best time to secure an investment property for your future. Using the increase in value on your existing property, FIA is able to unlock and use this equity to cover the deposit and associated costs of your investment purchase.
We work alongside your agent (or other) to help secure the right property for you, and ensure that the rental return is suited to your personal circumstances. With your investment property loan covered by the rental, you can focus on paying off your primary residence home loan and building more assets.
Contact FIA today to discuss the best property investment option for you.