Property growth popular
THE potential for future capital growth remains the number one incentive for Queensland property investors, according to new research from the Real Estate Institute of Queensland (REIQ).
The REIQ conducted buyer and seller behaviour research late last year, which revealed capital growth was the top reason for buying an investment property in Queensland for 74 per cent of buyers.
The next most common reasons to buy investment property were to fund retirement, for negative-gearing purposes, as a means of deriving an income stream or because they believed it offered a better long-term return than shares or super.
REIQ managing director Dan Molloy said three-quarters of the investors surveyed across the state indicated they bought investment property because of future capital growth potential.
“The fundamentals that attracted property investors to the Queensland market in 2010, such as the robust resources sector and solid infrastructure investment, will continue to be in play in 2011,” Mr Molly said.