PROPERTY: Region's real estate success brings good returns
FOR those wanting to enter the South Burnett property market, now might be the perfect time to do so.
Chris Arnold from Freeman Estates Kingaroy said his team had 20 residential properties selling for under $200,000 at the moment.
"Regardless of whether your kid is a new first-home buyer, or if you're an investor, these prices will give you a reasonable return,” Mr Arnold said.
"You don't have to spend high-end to see a good return.
" Your purchase can get a 7.5 to 9.5 per cent return on a residential this price - those rates are great incentive to buy in.”
Mr Arnold said sales in the region had been fantastic throughout the last year.
"Sales are well and truly up above last year's figures,” he said.
"While we'd normally say that May, June, July and August are semi-plateaued due to winter and tax time, we've actually been really busy.”
While it has been a great year already, Mr Arnold said it was set to get better, for both buyers and sellers.
"Across the board, we traditionally see it gearing up from here, right through to January,” he said.
"Spring kicks in so other people's properties are looking good, and it's time for listing the property.
"After tax time, accountants are also telling people it's the right time to purchase investment properties or upgrades.”
Mr Arnold said the year of property success was not just limited to buying and selling.
"We're also doing well from a property management point of view, running on a 99 per cent occupancy rate,” he said.
"It's clear to see that our rentals are going strong.”