South East Queensland – your property Investment Opportunity
- By the year 2041, the population of SEQ is expected to grow to 5.3 million residents.
- In 2001, the population was 2.4m and since has grown to 3.6m = 12 million.
- Another 17 million new residents are expected to call SEQ home.
- This equates to around 708,400 new dwellings over the next 17 years.
- Or an astounding almost 42,000 new dwellings per annum.
- Even if it were only 30,000 new dwellings per year, this task is a massive ask!!
- There is a need for around 192,000 attached housing
- There is a need for around 57,000 detached housing
Market issues that will impede supply include :
- Land availability and Land Release by local government and councils
- Insufficient staff in government and council to approve land release
- Insufficient staff in councils to approve build contracts, that is a staggering 3.500 per month
- Current trend is only 15,000 monthly approvals across Australia
- Year 2024 dropped to 13,000 across Australia
- Low supply of Trades People to employ to build the dwellings
- Government Infrastructure Projects attracting Trades who are chasing higher wages and more comfortable employment contracts, limiting supply of these same trades to the local building industry
- High Interest rates impacting Developers who do want to build both Units and or Develop Land, delaying delivery of projects to want to be buyers. Banks simply do not lend as freely as they did. Private lending makes borrowing that much more expensive for developers
- Delays by Developers increase their holding costs of the Land they own, these costs are then passed onto buyers like you. Meaning any delay is inflationary
- High interest rates mean borrowers like yourself will incur high Holding Costs, whilst your project is being built impacting your own cash flow and affordability to build
- High interest rates mean borrowers like yourself can only borrow less than when interest rates were lower
- Federal Treasury forecast in the budget that dwelling investment is expected to remain flat across 2024-25 financial year
- An ageing population and Australians having fewer children, the changing demographics of households, will continue to put upward pressure on demand for housing
- Australia enjoyed a net overseas migration adding 548,000 people to the population in the year to September, underscoring the need for more dwellings. Why has this same government failed to include tradespeople in the list of skilled migrants, failing to align policy with industry needs? Where is the streamlining pathway for skilled workers essential to the construction industry?
Your Investment Opportunity
Both Government + Industry investment into locations undergoing population growth creates new jobs. New jobs attract more residents needed to fill these jobs. New residents place pressure on supply of homes. A wonderful perfect storm for investors seeking Capital Growth plus healthy Rental Yields.
Demand for dwellings by Owners and Renters will continue to grow on the back of Immigration and Population Shifts into Queensland due to lifestyle and affordability will continue to place upward pressure on supply.
Less homes on the market for buyers equates to low supply of homes for those who cannot buy and need to rent.
- Low supply for owners + high demand = increase in property values
- Low supply for renters + high demand = increase in rental yields
- Other factors include : population growth, places upward pressure on supply of housing for owners and renters, results in a growth in the construction industry creating new jobs.
Why South East Queensland
South East Queensland offers an unmatched way of life combining a dynamic and growing choice
of sporting, arts, entertainment and cultural facilities and events, with spectacular natural wonders
that can be enjoyed year-round in a sub-tropical climate that boasts an average of 300 days of
sunshine per year.
Covering a 22,890 square kilometer region, South East Queensland stretches from the beautiful
beaches of the popular Noosa in the north, extending south to the Queensland-New South Wales
border and out west to the city of Toowoomba.
South East Queensland is home to 3,662,564 people, around two-thirds of the State’s total
population; and continues to be one of Australia’s fastest growing metropolitan regions.
Safe and secure family-oriented communities, world-class public health and education systems,
sophisticated community infrastructure and a multicultural, friendly and active lifestyle, are all key
elements of South East Queensland’s attraction.
The region’s success is also sustained by its strong manufacturing and export infrastructure, world class
business services, and thriving tourism sector, with the area offering:
- Major transport and export hubs with assets such as the Brisbane Airport, Port of Brisbane, the Acacia Ridge Intermodal Terminal, and Australia TradeCoast, which connects regional Queensland to Australian and international markets.
- A powerful service economy with specialised skills in professional services such as information and communications technology and biomedical services.
- Proximity to the major energy and gas corridors continues to provide opportunities to capitalise on mining services and mining technology capabilities to service regional industries.
- A significant tourist destination and the gateway to the rest of Queensland, welcoming millions of Australian and international visitors each year.
Queensland to Australian and international markets.
• A powerful service economy with specialised skills in professional services such as information
and communications technology and biomedical services.
• Proximity to the major energy and gas corridors continues to provide opportunities to capitalise
on mining services and mining technology capabilities to service regional industries.
• A significant tourist destination and the gateway to the rest of Queensland, welcoming millions of
Australian and international visitors each year.
Regional Profile includes
- Top 5 industries
- Health and Social Assistance
- Retail Trade
- Construction
- Manufacturing
- Education and Training
- SEQ accommodates 1 in 7 Australians
- Average annual growth has been 2.2% over the last 10 years
- 74% of the population live within 400m of a public transport stop
- 26% of the population have tertiary qualifications
- 1.64m jobs
- 14% of the population is aged 65 and over
- 27% live in attached housing
- 76% live in detached housing
- SEQ has access to 4 major airports (Brisbane, Gold Coast, Sunshine Coast and Toowoomba)
- SEQ is a major tourist destination contributing to 17.4% of Australia’s tourism GDP
- Over past 10 years, 20% of Australia’s economic and employment growth has occurred in SEQ
- SEQ is one of Australia’s premium food bowls
- The region generates almost two-thirds of QLD’s gross state product
- More than 80 percent of Queensland’s employment in professional, scientific and technical services, financial and insurance services, and information, media and telecommunications sectors is located in SEQ.
- SEQ is home to most of Queensland’s key health, education and research clusters, with nine world-class universities and more than 100,000 international students. The region is the apex of Queensland’s strategic freight network and the primary hub for goods movement within the state.
- SEQ has close relationships across regional boundaries with the surrounding areas of the Darling Downs, Wide Bay Burnett and the Tweed Coast in northern New South Wales. These areas have unique social and economic linkages, and can leverage opportunities provided by SEQ’s strong population growth and diversified employment market.
- Maintaining and enhancing the extensive infrastructure networks that connect these regions will support mutual social and economic benefits by providing access to employment and recreation, and enabling the efficient movement of commodities, services, and skills.
Complete to request access to full SEQ Report (Industry and Government Investment, Population Growth, need for dwellings, new Jobs, employment growth, investment opportunity and more.