“Yes, market conditions are still favorable to investing on the Sunshine Coast right now, even with interest rates forecast to rise to 3.35% by the end of the year.
We currently have the highest levels of household cash surplus ever, the highest levels of home equity ever, the lowest unemployment rate in 50 years, the highest job vacancy rate ever, some of the lowest rental vacancy rates in history and a high level of infrastructure projects on either recently completed, underway or approved and awaiting to start.
Investing in property is not a get rich quick scheme, it’s a long term play.”
Source: Mr Sussman GM Property Strategist QIBC. My Weekly Preview.