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According to a recent report, the Queensland property market is looking extremely positive due to a combination of factors including rising migration, affordable home loans and increasing incomes.
The PRD Nationwide Key Market Indicators (Q2) report found Queensland had the property growth indicators and economic fundamentals to boost confidence in the market. Migration to Queensland is up with a number of people moving from interstate, and net migration growing 22% in the 12 months to September 2018.
Proof that the South East Queensland property market is experiencing record high growth, off-the-plan apartment sales on the Gold Coast are currently experiencing high demand despite other national markets continuing to fall flat.
New apartment sales in the first three months of 2019 have jumped 45% from last quarter, according to the latest figures from property consultant company Urbis. Released this week, The Quarterly Apartment Essentials report, found new apartment activity in the first quarter of 2019 was up by more than 70 sales from the December 2018 quarter.
And it’s new apartments that have defied the market downtown, predominantly due to developers designing apartments that appeal to buyer appetite. And you might be interested to note that it’s owner-occupiers who have accounted for 43% of new apartment of sales.
The most popular region is the southern beaches precinct, stretching from Mermaid Beach to Tweed Heads, which experienced it’s highest recorded sales for the area in the past five years with more than 60% of sales for the quarter.
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Looking to purchase a property but not sure if you should look at an older existing property, something brand new turnkey or to buy off-the-plan? There's a lot to think about when you're looking to invest - whether it's for a home to live in or for investment purposes, it's important to do your research. Here's some quick information about the benefits of off-the-plan and if it might suit your circumstances.Read more
From the stunning hinterland and beautiful iconic beaches, to the vibe of the thriving restaurant, cafe and shopping scene, Mermaid Beach is more than just a prestigious suburb of the Gold Coast, it's a well-connected lifestyle hub. Here's 15 great reasons why you need to be in Mermaid Beach.Read more
One of the Gold Coast’s premium suburbs, Mermaid Beach, is seeing continued momentum in capital growth and national demand, particularly from Sydney and Melbourne buyers. Despite prestige property cooling off slightly across the country, recent sales in Mermaid Beach’s Hedges Avenue prove there is still a strong appetite for buyers.Read more
Brisbane’s property market has been forecast to outperform Sydney and Melbourne this year, enticing interstate migration with its lower-priced entry points.Read more
In Knight Frank’s recently released The Wealth Report 2019, the Gold Coast was listed as one of only five Australia hot spots in the world’s top 50 cities for prestige market performance.Read more
The significant level of public and private investment committed to the Gold Coast represents a strong opportunity for residential investment returns to be maximised.Read more
A shortfall of 15,500 apartments is predicted by 2023, with current supply absorption driven by a strengthening of the local economy, increasing population and a robust rental market, all of which will help inner Brisbane’s property market transition into a new growth cycle.Read more
Downsizers, professional couples and families are looking to apartments on the Gold Coast, as traditional detached residential housing is being passed up for apartment living in the area.Read more