Qld will rocket as other states slow your opinion?

When i arrived in Queensland from the uk 2 yrs ago it was on the back of a property boom in the uk .

My friends there had some 30 properties each and i began the learning curve.

To cut a long story short what happened in Queensland 2 years ago and England two years ago is following a simalar trend.

As more and more investors became exposed in London and the southern regions of the uk (paying over 300,000 pounds for a 3 bedroom house (eqiv to 900,000 dollars ),many have now bailed out in droves as affordability became crital as vacancey rates soared and rent yeilds diminished .They then transferred their equity out of the south and bought up huge in the Northern regions that were previously under performing suburbs like Bradford /Barnsley a mining town Newcastle ex shipbuilding town these areas were depressed but had high rent yeields compared to the south of England.
The prices last year were 20 to 30000 pounds and now they are 40 to 60000 pounds so that is proof of what investor does as he becomes more exposed to the marketplace.

The investors from London and the south of England thus reduced their exposure to the market and protected their investments against losses.
Certain parts of London and the south went negative whereas 0 growth set in to high past performing regions.Where asthe north just had a minimal growth.Then the north soared over a period of months.

My point is that this weekend auction rates in Melbourne dropped 56% and Sydney 40% according to the Financial revue This data i have been told usually translates down through to the agents and the marketplace which sets off a chain reaction .
They said the rugby was partly to blame good on ya Johnny wilkinson but 3 points is nothing and oh what a final.
The latest stats say 1400 a week are moving into Queensland mainley people interstate .However the baby boomers who are now retiring early will really fuel the growth i beleive as they seek lifestlye.

Queensland has the greatest shortgage of property in the country this must get worse this means then a gross shortgage of houses creating a high demand that will force up the price of previously low cost housing.

These facts convince me that Queensland will continue to experience many years of growth long after the other states have slowed.

Michael Matusic in his reports gives conservative estimates of growth over the next few years.

I feel the growth rates seen already this year will continue despite interest rates.

The moves from interstate will fuel this continued growth as well as overseas investment in this wonderful state.

Shrewd investors are now on the move into these previously underperforming areas and as Richmond quoted in this forum Rockhampton over the last few years only grew at 1.75% pa thats lousy….. but the good news is just like Townsville this area and other areas like it Gladstone Bundaberg Innesfall Warick are enjoying exciting interest as agents now run out of stock and like me i bought 9 houses in Rockhampton one month ago at around 100k 8-10% yeild and i am still buying and my associates are doing the same.

I am grateful for the mentors like Kiyosaki De roos Jan somers Anita bell John Burley and more recently Steve Mcknight that have and still are teaching me and i hope i can benefit anyone that is like minded.