Powered by MOMENTUM MEDIA
investor-stories
1 minute read

Regional Queensland’s new hotspots revealed

Regional Queensland’s new hotspots revealed

by Emma Ryan | December 19, 2019 | 1 minute read

New research has shone a light on the regional areas in Queensland offering great value to investors.

Gladstone
December 19, 2019

The REIQ has just released its Quarterly Market Monitor, showcasing the areas reporting positive growth.

According to the research, Gladstone and Mackay were the standout performers in the housing market over the September quarter, recording growth of 11.8 per cent and 3.9 per cent in median sales price, respectively.

In terms of units, Noosa took out the top spot over other regions, with 15.4 per cent growth quarter-on-quarter in median sales price.

This was followed by SunshineSunshine, NSW Sunshine, VIC Coast at 4.7 per cent growth in median sales price.

Advertisement
Advertisement

Elsewhere in the Quarterly Market Monitor, REIQ noted that Queensland’s market “remains less volatile than southern markets, providing relative stability for home owners and investors”.

“Interest rates remain low and banks continue to loosen mortgage restrictions to enable more buyers to access home loans,” said CEO Antonia Mercorella.

That being said, Ms Mercorella pointed out the property market being thrown into chaos recently, with Minister for Housing and Public Works Mick de Brenni announcing his proposed rental reforms, something that has seen significant backlash both from the REIQ and others since

“The proposed new laws are a slap in the face to everyday ‘mum and dad’ property owners who provide the majority of housing to Queensland’s renters,” Ms Mercorella said.

“If these laws come to pass, they have the potential to derail the stability of the rental market, and we are already seeing signs of this, with agents reporting an increase in enquiries from investors looking to sell their properties.”

Ms Mercorella said she hoped the reforms were not pushed through, to ensure the continued stability of the Queensland market.

About the author

Emma Ryan

Emma Ryan

Emma Ryan is the deputy head of content at Momentum Media.

Emma has worked for Momentum Media since 2015, and has since been responsible for breaking some of the biggest stories in corporate Australia, including across the legal, mortgages, real estate and wealth industries. In addition, Emma has launched several additional sub-brands and events, driven by a passion to deliver quality and timely content to audiences through multiple platforms.

Email Emma on: [email protected]com.au

Regional Queensland’s new hotspots revealed
Gladstone
spi logo

Subscribe to get the latest news and updates - join a community of over 80,000 property investors.

Check this box to receive podcast updates

From the web

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.