Queensland investors took out a record 1,877 loans for new dwelling construction in the June quarter, while overall investor applications fell by almost a third. With negative gearing and capital gains tax concessions now reserved for new builds, Queensland investors are chasing the same off the plan townhouses, units and house and land packages as entry level buyers, and lenders have cut borrowing capacity on established stock to reinforce the shift.
Brisbane buyer’s agent Lauren Jones explains why investor demand has shifted into first home buyer stock, what it means for entry level prices and inner ring rents, and what buyers need to do differently to compete.
Read the full story in The Courier Mail.
