QLD MARKET OVERVIEW
QUEENSLAND
QLD Market Overview with Paul Fraser Paul Fraser is a National Director in the Capital Markets & Hotels division at CBRE. Mr. Fraser’s experience working in-and-amongst some of the more
How is the demand for Queensland property faring? Demand for Brisbane property has been huge, particularly from New South Wales capital, because people are looking at the short, medium, and long term. We’ve got everything for the next ten years, including the Olympics. We have record infrastructure projects on at the moment, with Cross River Rail and the new casino at Queen’s Wharf. Where are the best opportunities for investors to be involved in the Queensland property market? There is still a huge opportunity in regional Queensland for larger scale publicans and operators to get in and take some assets out at great underlying value. The price of gaming authorities has never been higher; we’re talking about $600,000 per machine in New South Wales, whereas it’s almost $300,000 here in south-east Queensland, and $150,000 in regional Queensland, so there’s a real opportunity there for smart money to go out and buy larger scale regional pubs at strong yields.
revered publicans that Australia has to offer qualifies him better than most to provide commentary on the state of the hospitality sector both nationwide, and specifically within Queensland, where he operates. This overview of the Queensland market is taken from an interview with Mr. Fraser, conducted by Ready Media Group’s Rob Langton.
PAUL FRASER National Director Capital Markets & Hotels Division at CBRE
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21 MINUTES
82 – September / October 2022
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