Details of the latest Queensland budget have been announced, and it's expected that several measures will bring benefits to real estate in Morayfield and other parts of the state.
The Real Estate Institute of Queensland (REIQ) offered its opinions on the budget, which focuses on delivering improved infrastructure and job prospects. CEO Antonia Mercorella explained that the promise of better facilities could encourage people not to move out of the state.
"Increased employment opportunities bring economic stability and that will help people make a decision about whether to rent or to buy; whether to stay or to move," noted Ms Mercorella.
"It also benefits property values when transport is upgraded, improving accessibility and reducing commute times."
One of the highlights of the 2015-16 budget is the introduction of a $300million refurbishment plan for schools, which is expected to increase the number of jobs available to local tradespeople. Support has also been offered to small businesses, a move that the REIQ believes will directly benefit the property market.
A total of $183.6mllion will be invested in capital works across Queensland, meaning existing properties can be upgraded and projects that are already underway brought to completion. It is hoped that some of the most deserving people in the state will be able to access the housing they require in the near future.
With Queensland's prospects apparently improving, now could be a good time to think about relocating to Morayfield property. The team at Ray White Caboolture are on hand to assist with any queries you might have, and to help you make those first steps onto the property ladder in this area.
Whether you are buying a rental property as an investment, or a new home to live in, we are just what you need to get your search underway.