Queensland picked to overtake Southern states in 2015

SYDNEY’S  blistering housing market will ease over the coming year with prices likely to grow a still-solid 5 per cent to 10 per cent, while southeast Queensland will finally see a surge in prices overtaking the growth rates of its southern neighbours, according to real estate agent John McGrath

The 2014 McGrath Report, released exclusively to The Australian, tips Brisbane’s middle-ring suburbs of Indooroopilly, Carindale and Hendra as likely to see the best price rises. Mr McGrath forecast housing prices in Brisbane would rise 20 per cent or more this cycle, over the next two years. “If you had $1 million, there is nowhere but southeast Queensland that could compete for growth over the next three years,’’ he said, noting that the hard-hit Gold Coast and Sunshine Coast markets were also beginning to rebound. Melbourne’s house price growth was likely to trail that of Sydney, but only by a small margin.

First-home buyers — currently at historically low levels — would return on the back of pent-up demand, record low interest rates and spiralling rents.

Contact us today to discuss getting into your Queensland property now to take advantage of the upcoming growth. With access to over 200 projects, My First Place is Queensland’s #1 sourcing agent.

The full article can be read on The Australian here.

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