People are voting with their feet, and the verdict is that Queensland's economy is on the way back up, after being in the doldrums. That's the verdict from Deloitte Access Economics' latest Business Outlookreport.

In the past year, Queensland overtook Victoria to receive the most interstate migrants of any state, while migrant numbers from overseas to the Sunshine State continued to rise.

Sydney residents are packing their bags to move to Queensland to escape high housing prices, a Deloitte report says.

Check out the progress of the estate at Redbank, Qld where Silverhall clients have invested. Stage 1 is complete and owner occupiers and tenants are moving in. We really like how the parks and streetscape has come up. Here are some pictures of the various sites.

The “How to Obtain Affordable Property” Autumn Event Series kicked off with the first event in Chatswood. If you missed the 1st half of the series, not to worry, there are upcoming events that you can still attend. Click Here to know more about upcoming event locations and time.
At the Event, Silverhall’s CEO, Cam Anderson presented information on:

1. Suburbs with dual income house & land opportunities starting from $489,700
2. Affordable house & land properties from $387,554
3. High growth suburbs with low vacancy rates as little as 1.1%
4. Helping our clients find affordable properties that doubled in value
5. Identifying positive cash-flow opportunities of $143 per week

Reserve Bank governor Philip Lowe’s recent address to the Australia-Israel Chamber of Commerce, the RBA chief reiterated that the RBA “does not see a strong case for a near-term adjustment to monetary policy”. “But it is worth remembering that the most likely scenario in which interest rates are increasing is one in which the economy is strengthening and income growth is also picking up.”

In his address, which focused on regional variations in the Australia economy, Mr Lowe highlighted the “dispersion in house prices” across the country. “The picture is pretty clear: the dispersion in housing prices is currently larger than it has been in a very long time,” the RBA governor said. “This mostly reflects the big run-up in housing prices in Sydney and Melbourne at a time when price growth in the rest of the country has been subdued.”

National housing market sentiment (measured by the NAB Residential Property Index) rose in Q1-2018 and remains above long-term average levels. The NAB Residential Property Index is based on Property Experts’ expectations for Capital and Rental Growth across various Capital City and Regional Housing Markets.

NAB’s Q1-2018 report released recently highlighted that Property Experts are bullish about the QLD Housing Market and expect strong capital growth. Sentiments about QLD continue to strengthen and are up by 13 points to +31. (as seen in the table below) QLD is expected to lead the way for capital growth over the next 1-2 years. Property Experts also expect QLD to see fastest rental growth over the coming year. On average, property professionals expect QLD to have the highest rental returns of 1.7%. For 2019, the house price forecasts remain broadly unchanged.