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Published On: Tue, Oct 31st, 2017

QLD Tipped for Double-Digit Property Growth

According to real estate veteran John McGrath, Southeast Queensland house prices could see growth of up to 20 per cent in the next few years as heat continues to come out of the Sydney and Melbourne’s property markets. People are starting to look for better value elsewhere as prices in these southern capitals have become spectacularly unaffordable.

Just over halfway of the current property cycle, Queensland is tipped to benefit from the slowdown that Sydney and Melbourne are currently facing. Property research firm, CoreLogic has cited a further decline in Sydney housing values while Brisbane home prices rose 03 per cent.

Queensland’s affordability coupled with infrastructure and residential developments have been attracting migrations as well as investors. Baby Boomers, seachangers and even young families have got their eyes on the Queensland markets.

Coomera Gold Coast is cited as among the next hot suburbs along with Wynnum, North Lakes, Peregian Springs and Caloundra.

 

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