Queensland overtakes Victoria as second largest property investor market
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Queensland has surpassed Victoria to become Australia’s second-largest property investor market behind NSW, according to new data.
The Sunshine State’s investor loan numbers grew 24 per cent annually, compared to Victoria’s 5 per cent growth.
Analysis showed Queensland’s average investor loan increased 11 per cent year-on-year to $536,638, while Victoria’s grew just 2.7 per cent to $553,667.
“With lower taxes, strong migration, affordable regional markets, lucrative rental opportunities, and a booming infrastructure pipeline, Queensland is cementing its position as a property investor’s dream,” Money.com.au Property Expert Mansour Soltani said.
Queensland’s tax advantages include a $600,000 tax-free land value threshold compared to Victoria’s $50,000, and lower general land tax rates.
The state gained 30,930 residents from interstate in the year to March 2024, while Victoria attracted just 537.
“For example, a one-bedroom apartment in Noosa can generate $1,000 per night during peak season, covering costs for the remainder of the year, including outgoings and taxes,” Brisbane-based buyer’s agent Andrew Pizzino said.
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Regional markets like Townsville, Cairns, Mackay and Gladstone saw rental yields rise 5-20 per cent year-on-year.
The state’s infrastructure pipeline includes over 300 transport projects, 2032 Olympics preparations, and major developments like the Cross River Rail.
South East Queensland accounts for two-thirds of all short-term rentals in the state.
Money.com.au projected Queensland would have 10,338 more investor loans than Victoria by next year if current growth rates continue.