Growing the economy and minds in Queensland
If you're thinking about utilising cheap home mortgages in order to invest in property, Brisbane could be a good bet.
You'll need to brush up on your skills as a landlord if you want to manage the property yourself. Alternatively, there are plenty of excellent property managers that can help you maximise your rental yields and earn a tidy income.
It appears there's plenty going on in Brisbane that could make it a wise investment choice. From a strong export industry across Queensland, to more localised infrastructure developments in the capital, there's no shortage of good news about Brisbane.
Queensland tackles exports
Queensland's export industry has made significant contributions to the state economy, Treasurer and Minister for Trade, Tim Nicholls, said.
By creating jobs and boosting "community prosperity", various exporting businesses in the state are making a difference. Mr Nicholls said they were eligible for nomination at the 25th Premier of Queensland's Export Awards, with winners announced in October this year.
"Our international engagement increasingly fuels our prosperity, with exports accounting for around one fifth of our GDP, and an estimated one in five jobs in this state now trade related," he said.
"Last financial year, Queensland's total overseas exports were valued at more than $54 billion, and to top this off, Queensland's economy grew by 3.6 per cent in 2012-13, putting us well ahead of the rest of the nation."
Strong economic growth is always a drawcard for those thinking about investment. Buying a rental property in an area that's destined for consistent job growth is also a plus.
Redevelopment in Brisbane
The government's commitment to future growth also focuses attention on tomorrow's minds.
Minister for Education, Training and Employment John-Paul Langbroek has announced a major redevelopment for Brisbane High School.
The $60.5 million project will be completed by the start of the 2016 school year, Mr Langbroek said.
If you're considering renting an investment property to young families, be sure to keep in mind the local education facilities.
Image credit: John Ted Daganato