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Wondering Where to Buy Your Next Investment Property? Listen to What the Experts are Saying … posted on the 12th January 2015
So you’re in a position now to buy your first investment property – where to start …
Why, I’d naturally say Ipswich of Course – because I live and breathe the area. But don’t just take my word for it – do your homework! Listen to what the Property Experts are saying – they’re saying the same thing.
Extract realestatetalk.com.au
13 September 2014
Michael Matusik turns the spotlight on a South East Queensland market offering bonus returns right now.
Kevin Turner: Michael Matusik, who is a regular on our show has just launched his new website. You must have a look at it, it’s a huge amount of information on there. Just go to matusik.com.au, this is m-a-t-u-s-i-k. Michael joins me. Good morning Michael.
Michael Matusik: Hi, how are you?
Kevin Turner: Good mate. Congratulations on the new site. I was particularly enthralled with the market outlooks that you’ve got there. I think Brisbane, Gold Coast, I know, it’s growing all the time, Sunshine Coast to Toowoomba Gladstone are the ones that I can see straight away. But you’re building another one for the Ipswich market.
Michael Matusik: Yeah, we intend to do one every fortnight or so. Focusing on those areas that I think are often not looked at, so not Brisbane, Gold Coast, Brisbane, Sydney, Melbourne but those areas which we know which is largely Queensland and really down a small area, we’ll be covering quite a few of those in the future.
Kevin Turner: Good. What are you learning about the Ipswich market that you can pass on to us?
Michael Matusik: Ipswich is quite well positioned in one, its cycle. There is a cycle and in these reports we have long term evidence of that. A range of indicators. It’s just entered a recovery. It is being spoken about a lot, particularly in blogs and conversations and even presentations across Australia, especially Sydney and Melbourne, as those investors are looking for better yields and cheaper property. So Ipswich is in that spotlight so to speak.
Kevin Turner: Has it got much to do with affordability market?
Michael Matusik: Everything to do with affordability. That’s one of the things that there is a connection between Ipswich and Parramatta a believe. I’m a Parramatta boy, I grew up there. I’ve lived there for a long time but I see similarities between the two. I must confess, I do own Ipswich investment properties. I’m a little biased. But trying to look through that the average price for a property in Ipswich, house or a townhouse type thing is about three hundred thousand dollars. It returns five to five and a half percent in terms of gross rental yield. That’s attractive.
One of the things that’s going to happen in Ipswich is I don’t believe there’ll be lots of price growth into the future. There’s a lot of land supply. It captures probably about twenty five percent of the land supply in southeast Queensland. There will be a lot and already is, infrastructure. There will be a lot of employment. I think forty odd percent of the industrial land available for development is in the Ipswich area. That’s out of southeast Queensland. You’re going to see a lot of growth. You’re going to see strong rental demand and I think investors there should be looking for buying property that yields quite well rather than looking at capital growth. The supply lines are quite high and therefore, you’re probably not going to see really strong capital growth but you’re going to see strong demand for property and strong rental demand.
Kevin Turner: When your market outlook for Ipswich comes out, what can we expect to see in that report?
Michael Matusik: That report will cover the cycle in detail. Then it will cover what to buy, what’s likely to happen next and what prices to pay. Not trying to sell a few reports here, essentially what we’re finding is that dual income property is quite attractive so that’s a duplex or the like. Yields are often over six percent and it caters to the demographics that are emerging in the city. When we do these outlook reports, we spend a lot of time on who lives in the property, what they’ll pay a premium for and what type of work they do so the property suits their storage needs and so forth.
Kevin Turner: Look out for it, it’s M-a-t-u-s-i-k .com.au under the market outlook area and that will be a report coming up on Ipswitch. Michael, thank you very much for your time.
Michael Matusik: Thank you and thanks for the opportunity to talk about the site.
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