Queensland Homes Hit All Time High
- Property in almost every part of Queensland has hit all time high prices overtaking COVID-era peaks
- Analysts say a combination of affordable regions and fewer homes on the market is driving up prices
- Housing advocates warn that as prices rise, those already struggling will be under even more pressure
Queensland Property Prices
Property analysts CoreLogic found that every regional centre in Queensland – aside from the Sunshine Coast and Townsville – are now at their peak and continuing to rise.
In the south-east, homes in Brisbane’s south, inner city, along with Logan and Ipswich, are now at their highest-ever median price.
Affordable Regions In Demand
CoreLogic founder Tim Lawless said it is no surprise that homes in regional Queensland were rising fast.
He said they are still comparatively cheap and did not experience the same boom as the south-east.
“They didn’t see the same trends as south-east Queensland saw through the pandemic.
“Most of those markets are still showing immediate value well below $500,000.”
In contrast, the average price of a home on the Sunshine Coast now tops $965,000.
“That’s rivalling some of the more expensive markets in Sydney,” he said.
House and Land packages, like those at Essence Estate, open the door to Toowoomba’s hot property market
Prices on the rise
Mr Lawless said homes in South East Queensland’s lifestyle regions went up around 60 per cent through the COVID era. Many then saw dips in value once COVID restrictions eased but prices are rising across the board and demand is strong.
The Outlook in Gympie, Queensland, is readying the next stage of development to meet market demand
More Rental Properties Urgently Needed
Lawless also noted with low vacancy rates, housing supply and more overseas immigration, “it’s hard to see prices going backwards over the near term”.
Looking ahead to the next 20 years, Logan City will continue to be one of the fastest growing cities in Queensland. The population is expected to increase by up to 200,000 within the next 20 years and Logan’s objective is to create at least 53,000 jobs to support this population growth.
Homecorp is developing House and Land estates in Logan Reserve, like The Verge and Prestwood Estate, to help meet demand.
Logan Reserve is a property hot spot offering easy family-friendly living with city conveniences close at hand:
30 minutes to Brisbane’s CBD
25 minutes to Ipswich
35 minutes to the Gold Coast
It’s one hot location, location, location!
Stage 5 at The Verge has just been released and it is the final house and land release in this thriving development.
With limited lots remaining, the time to invest is now! Talk to the team at Homecorp to find out more.