Property guru’s pick of where to invest in 2022
Bonogin has been tipped as one of the country’s top suburbs for investment in 2022 by property heavyweight John McGrath.
In his annual forecast report, Mr McGrath said Covid-19 outbreaks and lockdowns had brought lifestyle aspirations sharply into focus, with South East Queensland’s warm climate, amenities and relatively affordable housing luring thousands of sea-changers and tree-changers from Sydney, Melbourne and other cities.
According to the report, 53 per cent resettled outside Brisbane, with the Gold Coast and Sunshine Coast the most popular locations.
Bonogin, in the outer ring of the Gold Coast, fits the profile that these tree-changers are seeking, made up of acreage properties in a leafy setting.
A recent newcomer to the Gold Coast’s million-dollar median house-price club, Mr McGrath said Bonogin was once the poor cousin to the other exclusive acreage suburbs it borders.
“A haven for families who love the great outdoors, Bonogin has horse stables, dirt-bike trails, bush-walking tracks and an abundance of wildlife.
“It is now on the radar of cashed-up tree-changers looking for a rural retreat,” he said.
Luxury lifestyle listings in the suburb have also helped it to grab attention. For example, 13-15 Eagleview Court, known as Haven Retreat, became one of the most viewed properties in the country when it hit the market earlier this year. The architect-designed, five-bedroom home with a number of connecting pavilions and sitting on 5000sq m of land, sold under the hammer for $2.29 million, through Harcourts Coastal.
While property predictions in the current market can be tricky business, investors would be wise to heed Mr McGrath’s advice given that his pick for last year, Burleigh Heads, was right on the money, with the suburb achieving 12 per cent annual house price growth.
Mr McGrath said that South East Queensland’s housing market had the potential to be a major beneficiary of interstate and overseas investment in the year ahead.
“In 2022, when things (hopefully) restore to a more normal state and borders reopen, I believe we will see significant investment from expatriates as well as overseas immigrants
and investors,” he said.
“Historically, most of these funds find their way into the Sydney and Melbourne markets, however with the recent Brisbane Olympics announcement, I suspect southeast Queensland will also be a strong recipient of this overseas investment.”
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