Thanks to these types of incentives from the government, many new Gold Coast homes are being built. Last November the government announced that building approvals for buildings on the coast rose from 105 to 112. In Brisbane there was also a 24% surge in building approvals which also tells of the enormous demand for affordable, livable housing in this burgeoning area.
The region in Brisbane with the highest growth was Mackay and Whitsunday which surged 59% to 151 approvals in order to meet the demands of housing needed for employees of a nearby mine.
Never has there been a better time to be a landlord and rent out roomy condos and family homes; the market is definitely there to have your investment property turn over a handsome “evergreen profit” for many years to come. To answer to the demand, the Queensland State Government’s Building Boost Brant was extended to March 2012.