(Get ready for a wave of capital growth in the Sunshine State - photo credit Joel Stafford).
Capital growth expectations for Queensland houses surge
Queensland has seen a surge in expectation of capital growth coming out of houses, a sentiment survey involving one of the Big Four banks has found.
The latest ANZ/Property Council Confidence Index found a six point rise in Queensland to 134 overall, but houses saw a 10 point jump.
“A greater level of infrastructure investment is key to supercharging our recent confidence boosts.”
The quarterly results saw both residential and commercial property recover to healthy levels of expected growth, with house capital growth expectations up 10 points to 12, recovering from a recent dip. The rise came despite negative results for state government performance (-13) and debt finance availability (-10). Source: realestate.com.au
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