The Queensland Government introduced new laws in recent months to cap rental increases at once a year.
A recent article by Australia Property Investor speculates this may be contributing to a high proportion of ex rentals hitting the market for sale in postcodes such as 4031, 4059 and 4114. This includes the following suburbs:
- Kedron
- Gordon Park
- Kelvin Grove
- Red Hill
- Logan Central
- Woodridge
- Kingston
But investors remain very active in the Queensland property market.
“While sales profiles like this may have been evident in some locations over the last 12 months, investors in Queensland still appear to be very active on the buy side, as indicated by an increase in lending for investment purposes,” it reports.
“ABS lending data shows that 39.1 per cent of housing finance commitments in Queensland are for investment, suggesting ongoing optimism about the state’s prospects.”
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