For those buying investment property in 2019, you should proceed with more caution than previous years. The housing market is now starting to cool off, although in some areas demand is still active.
Whether you are looking for residential, commercial, retail or industrial property for investment, it’s going to get tougher as the year goes by, so be very specific where you buy, and listen to the professionals offering advice.
Of the sectors, industrial property is the best bet for 2019, as the housing boom of the last few years is now starting to trickle down into commercial, retail and especially the industrial sectors.
The best areas to invest in industrial property in Brisbane include the Trade Coast, and you should also look closely at the following suburbs. Nundah and Lutwyche in the inner North, Caboolture, Deception Bay and Narangba and Redcliffe to the far north, and suburbs like Bremer, Ebenezer, Swanbank, and Redbank are predicted to be critical areas for imminent development opportunities in the west, and in the south, Mt Gravatt, Rochedale and Eight Mile Plains in the south.
This year will see a federal election, meaning we will most likely see two or three new prime ministers in the next six months, followed by the prospect of changes to negative gearing and capital gains tax.
With a constant flow of Sydney and Melbourne residents moving north to Queensland, the state remains an excellent investment prospect in all aspects of commercial property.