Here’s where you can double your money by 2031: Buy now

Queensland’s top spots for ‘mum and dad’ property investors have been revealed, with the chance to double your money by 2031 if you act now.

By the time Brisbane hosts the Olympic Games, a property investment expert predicts land prices will double in 11 suburbs, including Ripley, Burpengary East, and Coomera.

In the selected suburbs, land prices range from $275,000 to $520,000, with potential rental returns of over 4%.

Custodian managing director James Fitzgerald said it was “impossible” for home prices not to rise in these suburbs, which were still affordable for the average investor.

It is a mistake to think that house prices will go down,” Fitzgerald said. “I can’t see a future where house prices are cheaper than they are now.”

There is a misconception that property investors are rich and that the average person cannot afford to invest in real estate.

In reality, however, only 10 percent of Australians own one or more investment properties, and nine percent own one or two.

The key to investing in property is to have your finances organized and to do your research.

“There are still plenty of locations where ‘mum and dad’ investors can purchase a solid investment within their budget.”.

As a result of Covid, there was a lot of demand in southeast Queensland, which drove prices up, but there are still plenty of affordable options, particularly north of Brisbane and west of the CBD.”

Mr Fitzgerald’s top choice is Ripley, in Queensland’s western growth corridor.

“Its population is expected to grow significantly in the next decade, and there is a lot of infrastructure being built,” he said.

The state government announced in August that it would provide $21 million for road infrastructure in the area, which will unlock more land in the area.”

The future development of Burpengary East has also been identified.

“It has good public transportation and is near the University of the Sunshine Coast at Petrie, which is expected to have 10,000 students by 2023,” Mr Fitzgerald said.

The median house price in both Ripley and Burpengary East is affordable, and investors can expect good rental returns.

According to Mr Fitzgerald, Coomera is the only area on the Gold Coast with available land and room for population growth and infrastructure development.

Investments should be made in areas with growing populations, employment, and infrastructure, according to Mr Fitzgerald.

“Those are usually going to be places near big employers, so near hospitals, universities, industry areas, that sort of thing,” he said.

In our opinion, the top 10 projected population growth areas are the best investment opportunities

There are opportunities in every city.”

Avi Khan, principal of Ray White AKG, whose area includes two of the suburbs on the list – Flagstone and Logan Reserve – said many ‘mum and dad’ investors are switching to renovation projects after being priced out of the market by larger builders.

In Australia’s suburbs, renovations are on full display, Mr Khan said.

The demand and inquiry for homes such as 19 Billabong Drive, Crestmead, are on average 60 percent higher than standard homes we market.”

A dilapidated house at 19 Billabong Drive was sold at auction for $494,700 to Sydney-based investor Suliman Karim, attracting a record 161 bidders.

PIPA chair Nicola McDougall said investor purchases have fallen significantly over the past 18 months, while thousands of investors are also selling off their properties.

Since interest rates began to rise in , the number of new investor loan commitments has fallen over 27 percent. This suggests that the normal flow of both inbound and outbound investment activity has slowed.

The vacancy rate has been out of whack for some time, so until that changes, vacancy rates will remain high

“Rents will rise and record lows will persist,” Ms McDougall said.

While governments talk about offering incentives to the big end of town

No private investors have been offered build-to-rent strategies

Four out of five rental properties in this country are provided by them.”

Property prices in most locations have grown steadily in recent years, according to Ms McDougall the past two quarters given stronger market metrics.

“Of course, the low supply of listings was part of the reason why, as well as strong

rental market conditions and record overseas migration,” she said.

Inspire Realty CEO Colin Lee said Brisbane’s record low rental vacancy was helping to steer people away from renting and into home ownership — putting more pressure on the housing market.

“As we approach 2024, buyers should prepare for intense competition and swift

decision-making, as sought-after properties are once again selling rapidly.” Mr Lee said.

“For buyers, this may be an opportune time to buy and invest in property and secure

something before the end of the year and the surge in 2024.”