Queensland is leading the nation in net interstate migration and population growth overall. In fact it is not just leading, it is dominating as a destination where people want to live. People are voting with their feet and leaving NSW and Victoria for sunnier climates and more affordable property.
Read the Full ArticleHave you ever wondered whether to buy established or new? The following article looks at the capital gains made in the Gold Coast apartment market. The results might surprise you.
Read the Full ArticleThe pandemic has given the development sector many things to think about. Some we knew were coming, others came out of left field and shook many of the core beliefs around where and how people wanted to live. When office staff were told not to come into the city where their traditional workplaces and daily social interactions were located, the desire to live in the city or near city suburbs was also questioned.
Read the Full ArticleWhen interstate migration reached its peak in the early 2000’s, the median Sydney house price was $444,000 and Brisbane was $208,000. You could effectively buy two Brisbane houses and have change left over when compared to Sydney. The September 2021 data is again starting to approach those ratios with the median Sydney house price at $1,220,000 whilst Brisbane is at $680,000.
Read the Full ArticleThe headlines are again generating stories around how the residential property market will correct substantially in 2023 with the rot starting to set in, in 2022.These are from the same banks that forecast significant asset value corrections as a result of the pandemic…the polar opposite has occurred.
Read the Full ArticleThere is a lot that can be said about real estate cycles, particularly when they don’t come around very often. This has been the case for Brisbane’s apartment market which has remained stable in both price and volumes, fluctuating very little over the last decade. Even the investment boom in the middle of the last decade was an improvement on volumes but not necessarily price.
Read the Full Article
