Few first-time buyers are looking at Queensland, which could be good news for foreign investors looking for Australian property.
First-time buyers are steering clear of the Queensland market despite property prices being lower than their counterparts in Victoria and New South Wales, which could present those looking for Australian migration property with an attractive proposition.
The number of Australians buying their first home in the area has fallen due to the availability of schemes in nearby areas tailored to their needs, which has brought down prices in the region, the Real Estate Institute of Queensland has claimed.
Dan Molloy, managing director of the organisation, claimed that the market is obstructing these buyers from entering the region.
He said: "While stamp duty concessions are available to Queensland first home buyers, first-timers in New South Wales and Victoria are eligible for extra state-funded first home grants, something that is not available here."
In contrast, the Australian's Terry Ryder recently claimed that the country's regional centres could be among the best places to buy Australian property.
Posted by David McElwain
First-time buyers are steering clear of the Queensland market despite property prices being lower than their counterparts in Victoria and New South Wales, which could present those looking for Australian migration property with an attractive proposition.
The number of Australians buying their first home in the area has fallen due to the availability of schemes in nearby areas tailored to their needs, which has brought down prices in the region, the Real Estate Institute of Queensland has claimed.
Dan Molloy, managing director of the organisation, claimed that the market is obstructing these buyers from entering the region.
He said: "While stamp duty concessions are available to Queensland first home buyers, first-timers in New South Wales and Victoria are eligible for extra state-funded first home grants, something that is not available here."
In contrast, the Australian's Terry Ryder recently claimed that the country's regional centres could be among the best places to buy Australian property.
Posted by David McElwain
