Queensland Performing Positively
Queensland's property market continues to perform positively in the March 2022 quarter, REIQ has reported median house prices increased 3.23% and median unit prices increased 2.17%. It is not just capital cities that are performing, regional areas are continuing to benefit from the growth. Noosa LGA had an impressive 15.38% quarterly rise, Logan experienced a 7.75% increase, Gladstone had a 6.58% increase and Ipswich followed with a 6.38% quarterly rise. Of all the states, Queensland saw the largest annual increase in population with the influx of new residents driven by interstate migration and the state has demonstrated a resilient property market.
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