BUY NOW: Strong property market in the Burnett
IF YOU'RE considering investing in the South Burnett property market, now is the time to buy.
With low property prices, high rental demand and low risks involved, real estate agents around the region are urging buyers to enter the market before it's too late.
Chris Arnold has been with Freemans Real Estate for 17 years and said there were many benefits to investing in the South Burnett.
"It comes straight back to the return for your dollar, which is very good in comparison to other places,” he said.
"Our rental market is so strong, we have a 99 per cent occupancy rate and a waiting list of tenants looking for houses.”
Mr Arnold said investors wouldn't have to spend a lot to start seeing good returns either.
"Realistically, you can buy a reasonable property from about $150,000, and you often find the lower priced properties show better returns,” he said.
"At the moment it's the perfect time for buying because the property price is very good at the moment and rental demand is so strong.
"So from that point of view, it's not a huge gamble.”
Raine & Horne Nanango's Greg Pogson said investors could expect a 5-8 per cent return on their residential property.
"The best benefit is the fact that you're going to get a good return,” he said.
"Prices have dropped and the demand for rentals is creeping up.”
Mr Pogson urged people to buy sooner rather than later.
"Come November, people are going to come into the market so by December it will be too late to buy the bargains,” he said.
"My one piece of advice for anyone entering the market is to consider your risk factors.
"If you can handle it, do it now while no one else is doing it in October, beat them to the punch.”