Where to Invest in Bris 2012

There have been a few articles recently talking about where the next big growth locations are in and around QLD now that things seem to be pushing it towards the No1 spot again.

According to "Your Investment Property Magazine"

Brisbane is a little like Perth - once it turns and starts to grow, it will snowball. Change expected early 2012

• Herron Todd White tips the outer suburbs of Caboolture, Morayfield, Burpengary and Deception Bay, as well as the slightly more central suburb of Banyo as the best areas to pick up an investment property.
• According to the REIQ March rental survey, the vacancy rate of the Brisbane city Local Government Area (LGA) tightened by 0.9% during the quarter, dropping from 2.6% in September to 1.8% in March.

However things don't seem to going as well down the coast to the Gold Coast. According to industry research, the Gold Coast property market is struggling with lacklustre sales volumes and the lowest interstate migration in nearly 25 years.

Only 51 new high-rise apartments were sold in the three months to May on the Gold Coast, down from 69 in the three months to February.
Dwelling approvals are at their lowest level since 1993, and according to the state government’s recent budget, dwelling investment in the year to June is down 11.5%; however it is forecast to rise 5.75% over the next financial year.