Finally common sense prevailed and the State Government was made to shelve their land tax plans of QLD investors, whether the pressure was too great from the lobbying groups like the REIQ or due to the fact the NSW premier refused to supply the data, this is welcome news to all investors and tenants alike.
Regardless of which side of politicians lead the charge, we need investors and here is why:
Queensland leads the country with population growth currently. Vacancy rates remain low at 8%. Rental prices have increased up to 70%. Yields still sit at around the 5% mark here in the Redlands.
There are tenants waiting, and yes whilst not all of them are A1, we have the systems and the processes to secure the quality tenants appreciative of a good home for their families.
