latest-hotspots

State of Markets - QLD February 2013

By Staff Reporter

Essential information, plus expert insight on what is shaping the national property market...

QUEENSLAND

Gold Coast tipped for growth
A revival of property prices is expected in some areas of the Gold Coast on the back of billions of dollars of development, according to latest research figures.

The CoomeraCoomera, QLD Coomera, QLD area and surrounds – Upper CoomeraUpper Coomera, QLD Upper Coomera, QLD, Guanaba, MaudslandMaudsland, QLD Maudsland, QLD, OxenfordOxenford, QLD Oxenford, QLD and Wongawallan – have been tipped for potential growth, with a $500 million rail line duplication recently added to the $5.2 billion worth of planned and underway development in the area.

“The northern corridor has been the fastest growing area on the Gold Coast for some time, and more infrastructure is needed to service that growing population,” said Stewart Gilchrist, Colliers International Gold Coast director.

Eleven other infrastructure projects are in the pipeline for the Coomera area, such as community hubs and schools.

Increased demand for affordable homes
Demand is rising across Queensland for affordable homes, according to data from the Real Estate Institute of Queensland (REIQ).

The REIQ September quarter showed the number of house sales under $350,000 increased by 24 per cent over the past year.
Of the 15 major regions in Queensland, seven have a median house price of $350,000 or under. In Mount Morgan, where the median house price is $165,000, there are currently 50 houses for sale under $350,000.

According to Andrew Wilson, senior economist at Australian Property Monitors, there has been a surge of activity in Queensland this year.

“This is driven by a reduction in the median house price over the past two years,” he said. “Brisbane remains the most affordable mainland capital city, and the Brisbane market is also characterised by a tight rental market.

“Brisbane has the highest yields of any mainland capitals, and that would account for a lot of activity by investors.”

State of Markets - QLD February 2013
SPI logo
Thank you.

Your enquiry has been sent to a local Aussie Mortgage Broker.

We will be in contact with you shortly.
Opps.

error occurred.
Unfortunately Aussie cannot attend to your home loan related enquiry at this stage as you must be a citizen or permanent resident.
Do you need help finding the right loan for your investment?
What Aussie do for you:
  • Give expert mortgage advice to help you find great investment loan deals
  • Help you maximise return by lowering financing costs
  • Save you time and effort by helping with the paperwork
First name
Last name
Location
Mobile Number
Are you an Australian Resident?
promoted stories

Top Suburbs

Highest annual price growth - click a suburb below to view full profile data:
1.
BLUE BAY 49.18%
2.
PAMBULA 43.5%
3.
BERKELEY VALE 42.74%
4.
POINT PIPER 40.52%
5.
NORTH TURRAMURRA 38.12%