11 Jan 2019: Queensland Property Market
This is THE time of the year when, after spending some terrific valuable time with family and/or friends for the festive season, we all come back to work fully regenerated with a head full of projects and good resolutions. 2019 will be a great year, offering us plenty of blank pages to write delectable chapters in our lives. If ‘Improving my Wealth or Revenue’ has been on your list of things to achieve this year and you consider growing your property portfolio soon this article would give you an insight of the Queensland Property Market.
Here is some good news for the Queenslanders or Queenslanders to come. 2018 hadn’t been a great year for other states where property values recorded the biggest annual decline in 35 years. According to CoreLogic, Home values in Melbourne fell 5.8% and Sydney met a high 8.1% which is a critical situation for all house and unit owners there.
The good news is that, in the ‘Queensland capital’ Brisbane, the Home Values rose a steady 0.3% over the year. Brisbane’s housing market has been one of the most consistent performers of all capital cities and it can be proud to say that the state’s housing market in 2019 is forecasted to be sunny.
According to the experts, Gold Coast, Sunshine Coast, Ipswich and Brisbane’s East will be the suburbs to watch as they will benefit from both Sydney and Melbourne Downsizers in search of affordability and lifestyle, and a strong interstate migration.
With more than 130 major projects on the cards, Queensland is the place to match employment opportunities, affordability and liveability in one location. Brisbane median house price ($675,000 currently) is expected to jump by 50% in the next three years.
Northpoint Mortgage and Finance can refer you to exceptional property experts to get the most of your projects and we endeavour to always work in your best interest to find you the right loan solutions tailored to your specific needs and requirements.
Do not hesitate to contact us for a free personalised finance assessment.