- 8 September 2017
Booming Prices in Sydney and Melbourne Drives Buyers to Brisbane
Not too surprising when you know where the Sydney & Melbourne markets have gone over the past few years, that southern and overseas investors squeezed out of Sydney and Melbourne are increasingly eyeing the southeast Queensland land market.
Ray White Special Projects Queensland director Mark Creevey said land value growth in southeast Queensland has been consistent over the past three years while population rises has seen much sharper increases in Sydney and Melbourne.
Mr Williams said continued record low interest rates and stamp duty discounts for new house and land products has resulted in an increase in demand across the eastern seaboard.
“SEQ has to date remained relatively affordable with median prices seeing little movement as lot sizes continue to shrink,” he said.
“Volumes have remained consistent with growing demand in Brisbane’s outer northern and southern corridors as well as in the Brisbane metropolitan area and Ipswich and the western corridor.”
Pleasing news through from ANZ showing that Job advertisements rose for a sixth straight month in August, suggesting the strong pick-up in employment seen so far this year could run for a while yet.
The monthly survey results by Australia and New Zealand Banking Group released on Monday showed total job advertisements increased by 2 per cent in August, from July when they rose 1.6 per cent.
After sharp increases in employment from March to July, the government measure has finally caught up with the strength seen in ads and nudged the jobless rate down to 5.6 per cent.
As seen in this chart below, not only have the level of advertisements increased over the past six months, the pace of growth also appears to be accelerating.
Property Club being the leaders in Wealth Creation through property for 20+ years now, with over 20,000+ properties settled by Club members is in the enviable position of being best placed to assist YOU to have a retirement avoiding the pension!
[Contact Us](mailto:enquiries@propertyclub.com.au?subject=Shady Trady)
Contact your Property Mentor for guidance and assistance on the best deals we have at the moment and let us show you how to avoid the pension!
Have a great weekend and catch you next week!
Troy Gunasekera
Related Posts
Why the February RBA Decision Matters More Than the Headline
With the Reserve Bank of Australia heading into its February interest rate meeting, borrower attention is back on rates, repayments and loan structures. Recent economic data has shifted expectations, and uncertainty is now the dominant theme. Inflation has proven slower to cool than anticipated, and that has placed...
What World Data Privacy Day Means for Property Buyers
Each year on January 28, World Data Privacy Day serves as a global reminder of the importance of protecting personal information in an increasingly digital world. While data privacy is often associated with passwords, apps and online security, it is just as critical when it comes to property transactions. Buying or...
From February 2026, Borrowing Gets Harder. Plan Before It Does.
From 1 February 2026 , new lending rules will change how Australian banks assess higher borrowing levels. For many buyers and investors, the outcome will not hinge on the property they choose. It will hinge on access to finance. If buying, investing or refinancing is part of your plans in 2026, this change matters....