Retaining the strong role investors play in the development of the state's real estate market is at the forefront of a recent release from the Real Estate Institute of Queensland (REIQ). The industry body called attention to a recent suggestion by the Federal government to remove negative gearing and capital gains concessions on investment property.
REIQ chief executive officer Antonia Mercorella said keeping negative gearing was important because it helped to encourage investment in Queensland property, giving people an incentive to expand their portfolio with Caboolture real estate.
"Investors help maintain supply to the rental market and a strong supply also ensures rental affordability is maintained. In Queensland more than a third of our population is in rental accommodation, so it's crucial that supply is maintained for this large section of the community," said Ms Mercorella in a 16 April statement.
Cutting this down through the elimination of purchase incentives could result in more strain being put on public housing, as the property supply begins to dry.
With this in mind, it could be worth considering your own investment future in Queensland. Be sure to get in touch with a real estate agent to begin discussing the property options available in the local community today.