According to the REIQ, Queensland owner occupiers are set to enjoy a year of consistent home value rises as our property market continues to defy national trends of falling prices and deliver good capital growth.
Steady demand growth forecast is due to rising population, improving employment rates and better lending conditions. The last quarter delivered strong growth in many markets, including Greater Brisbane, which grew by 2.3 per cent to $525,000. The Sunshine Coast stormed home at the end of last year with 6.3 per cent growth in median house prices.
Census data also reveals that over the past decade, Queensland's interstate migration grew by a net figure of 11,000 a year, on average. Queensland offers undeniable affordability and a fantastic climate and this is why the population is growing as residents from the southern states opt for a better lifestyle here.
My Real Estate agent colleagues suggest that we are seeing property buyers moving here from interstate, lured by the greater bang-for-buck proposition that is presented by our real estate. Quite simply, your real estate dollar goes further in Queensland.
With the LNP winning Saturday's election and negative gearing here to stay, now might be the perfect time to look at investing in Queensland's real estate
If you are looking to upgrade your family home or wanting to enter the property investment market, give me a call and we can have a chat about your options.
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