The “golden triangle” in south-east Queensland is still the only place to buy, according to property doyen John McGrath.
Ahead of the fifth Australasian Real Estate Conference on the Gold Coast, Mr McGrath said he
believed the Australian market was in great shape moving forward.
“With a low interest rate environment and outside of Sydney and Melbourne most of the country having experienced little growth this property cycle, I believe we will see capital growth in most
parts of the country,” he said.
“Sydney and Melbourne have seen strong growth in the past few years so I anticipate we will see more of a settling market back down to single digit growth or steady prices from here. South-east Queensland remains my pick as the growth corridor over the next 3 years but many regionals such as the Central Coast and Wollongong will also provide strong growth profiles.
“Yes I think the golden triangle in SEQ is the pick of the Australian markets. For different reasons, I see Brisbane, the Gold Coast, Sunshine Coast and Toowoomba being primed for good growth.”
Mr McGrath defines success as when you do what you love, with people you love, in a place you love.
“That’s far more important than anything else. So yes I feel I’m on track in these areas.”
Mr McGrath has hand picked 35 speakers for AREC 2016, which is called Learn How To Be A Rainmaker and Reinvent the Rules.
“Getting the right balance of speakers at AREC is always hard. After all, our commitment
is to bring our delegates better speakers each year so we raise the bar every time,” he said.
“And feedback suggests we have delivered this year with 35 of the best speakers in Australasia and the USA presenting at this year’s conference.
“We are very fortunate that virtually everyone we asked said yes and was available.
“It’s a superstar line-up actually, something for everyone. I can’t name a favourite for this year but you’ve got to be excited to hear and meet Fredrik Eklund.
“Not only is he is one of the best agents in the US but a larger than life character.
“But all 35 speakers have the potential to change your life.”
On a serious note, Mr McGrath said there should be no more property taxes.
“Governments at every level have already extracted more than enough tax from Australia’s most favoured asset. Most Australian’s have built their family wealth off the back of property and often pass it down through generations.
“Any attempt to burden property with another tax should be dealt with swiftly by the voters of Australia.
“I have no political alliance or preference but I would hope that taking away people’s opportunity to invest in property should be a deal breaker.
“The ramifications throughout the country will be significant.
“The notion that negative gearing is some slick tax reduction strategy employed by the mega-wealthy is far from reality.
“In my opinion, we should be aiding hardworking Australians who are trying to get ahead through property investment, not hindering them.
“If we make it harder and less affordable for Australians to invest, we’re looking at serious consequences down the road with many more people reliant on an already stretched pension and welfare system.”
Mr McGrath said all investors want three things – safety, growth and yield.
“Property will remain the favoured asset with almost all Australians.
“It delivers and provides security for all groups of investors.”
AREC 2016 will be held at the Gold Coast Convention Centre tomorrow and Monday.
Originally Published On: http://www.heraldsun.com.au/