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Investors to stay in Queensland with prices tipped to rise further

Property investors expect values to keep rising and have their eyes firmly on the Sunshine State, but fewer intend to buy in the next 12 months than at the same time last year, a new survey has revealed.

Surfers Paradise aerial photo
South East Queensland's enviable lifestyle has driven strong migration to places such as Surfers Paradise in the last 12 months, and investors are taking notice. Photo: Shutterstock

Property investors expect values to keep rising and have their eyes firmly on the Sunshine State, but fewer intend to buy in the next 12 months than at the same time last year, a new survey has revealed.

More than 76 per cent of respondents to the Property Investment Professionals of Australia’s latest annual survey said they expected property prices to rise in the next 12 months, up from 41 per cent at this time last year.

Around 62 per cent o…