South East Queensland Property Market on the Move

As we embark on a new year, most people reflect on the previous one and try to anticipate what opportunities may present themselves moving forward. Despite some initial doom and gloom around the property market early last year, Australia’s love of real estate again showed how resilient bricks and mortar can be! Some areas of Australia outperformed others and indications are that they will continue to do so this year.
 
2020 saw a major demographic shift as more than 22,000 people moved to Queensland.  This was nearly double its 10-year average of 12,409.  The pandemic definitely caused a rethink for a lot of people in the way they want to live and this continues to be a huge benefit for South East Queensland real estate.
 
Westpac economists have indicated that with low interest rates set to remain, substantially improved affordability and a strengthening economic recovery, parts of Queensland may see a double-digit property price surge over the next couple of years.
 
With large infrastructure investments in the wings, housing affordability and an enviable lifestyle, South East Queensland property is on the move.
 
Please contact the Wealth Managers Australia team if you would like to discuss in more detail.