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Interstate Investment on the Rise in Queensland

By David Bell

Interstate investment is becoming a growing trend in Queensland, according to the Real Estate Institute of Queensland (REIQ).

REIQ Chairman Pamela Bennett said analysis of Australian Bureau of Statistics (ABS) data showed that during September, the estimated number of investors in Queensland was 4,550.

This marked an increase of 7.3 per cent from August, as well as a rise of 21 per cent from September 2012.

"There is no doubt that our property market remains an attractive proposition at present – especially for interstate investors whose own property markets have experienced strong price growth over recent times," Ms Bennett said in a November 23 market insight report.

The truth is that while areas such as Sydney are seeing huge surges in property prices, real estate in Rockhampton and surrounding areas remains affordable by comparison.

This is helping to drive demand to the area, offering buyers a less expensive option for residential real estate investment.

Additionally, a dearth of first home buyers in the Queensland market is leaving the door open to investors even further, according to Ms Bennett.

Still, out of state investment is good news for property owners in Rockhampton and surrounding areas, as increases in demand will make selling a property more profitable.

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