Antonia Mercorella the Real Estate Institute of Queensland CEO recently stated that ” Queensland’s property markets are in an “enviable position”.
“Our housing market has proven to be resilient to the headwinds that have slowed the Sydney and Melbourne markets so drastically,” she told WILLIAMS MEDIA.
And we agree as The Sunshine State is set to enjoy a year of consistent rises in the value of their dwellings on the back of improving job opportunities attracting a strong population growth for lifestyle and employment which in turn continues to place upward pressure on supply of dwellings to own or rent.
Whilst the media have a field day inaccurately and unfairly painting doom and gloom in Sydney and Melbourne SEQ values show strong rates of growth particularly in Greater Brisbane 2.3% and fast growing Sunshine Coast showing a 6.3% increase in median house prices.
Inner Brisbane continues to embrace apartment living and with a slow down in supply and an increasing demand we predict that the apartment market will too experience an element of capital appreciation and also an increase in rental yields as vacancy rates drop further in the more sought after locations.
Queensland offers undeniable affordability, jobs and a wonderful lifestyle attracting a stronger population growth than other States in Australia even overtaking Victoria which previously enjoyed the highest rate of population growth. The increasing growth in population continues to attract the eye of astute investors looking at value for their investment dollar and sound rental yields + potential for capital growth.