Demand for property lifts in Queensland

first_imgCurrently on the market is this home at57 Masseys Creek Court, Cedar Creek, which was open to offers above $1.2m according to“Partly it’s coming from a big rise in offshore interest particularly in inner Brisbane. I know when we look at statistics for Chinese buyers in particular, Brisbane continues to increase. It’s quite a different situation to what we’re seeing in NSW and Victoria and that’s partly affordability and price.”She said the Gold Coast was also seeing elevated levels of people wanting to buy and rent in the lead up to the Commonwealth Games.Both units and houses were strong on the Gold Coast, she said, while in Brisbane it was houses driving demand. Among the most luxurious homes on the market in Queensland was187-191 Hedges Avenue Mermaid Beach which has a price tag of $17.25m. Picture: demand has lifted in Queensland in a good start to househunting in the 2017 year.The latest REA Group Property Demand Index found that in January there was a 4.8 per cent rise in demand, which was higher than the national average 4.5 per cent.Houses were more popular than units, pulling a 5.1 per cent rise, though apartments still saw a 4.4 per cent jump despite concerns about oversupply. For all dwellings, Queensland saw a 4.8 per cent rise in demand.More from newsMould, age, not enough to stop 17 bidders fighting for this home3 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor9 hours chief economist Nerida Conisbee said the Queensland result was a surprise.“Housing was not a surprise but it’s certainly a surprise for apartments, particularly given sentiment around unit supply in Brisbane,” she said.last_img


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