2021 continues build on the foundations that were laid in the latter half of 2020. As this growth continues, one has to wonder if much of this would have happened without the horrible nudge of a worldwide pandemic.
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Unintentional consequences from periods of crisis have been some of the most important times for discovery within the human population. Who knows what will evolve from the world pandemic as science, economics and politics are set on a path of collision.
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The apartment market has arguably been the most impacted residential sector by the Covid-19 pandemic throughout 2020. As one of the more popular and suitable forms of accommodation for young people and couples leaving home for the first time, the apartment rental market certainly suffered when many young adults boomeranged back home.
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The poor old townhouse has been much maligned in some quarters and been the focus of debates ranging from quality issues, to tenure and investment driven outcomes rather than liveability. Some suburbs have experienced significant changes to densities whilst others have been left largely unaffected.
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This article will form a three part series which highlights Queensland’s top performing rental markets in terms of annual median weekly price growth for houses, townhouses and apartments between the September quarter of 2019 and the September quarter of 2020.
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South East Queensland’s Top 5 House Markets in 2020
As we edge closer to the end of a tumultuous 2020, perhaps it is time we stopped to reflect on how some property markets have performed throughout the year. Much of the news cycle continued to be skewed towards conjecture rather than fact in the race to be the first to predict what Coivd-19 would mean for various property markets.
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