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There's more to Queensland's red hot property market than Brisbane
Strong demand, tight listings and relative affordability are driving another wave of price growth across regional Queensland, with investors continuing to target high-yield markets.
Regional Queensland property values are continuing to surge, extending a multi-year stellar run, and the good times appear far from over.
In Toowoomba, about 150km west of Brisbane, prices boomed 21.6 per cent over the past year, according to analyst Cotality, while prices in North Queensland’s Cairns and Townsville also continued their golden run.
Brian Gray, Principal of Toowoomba’s Picket Fence Properties, said listings remained “very tight”, with strong interest from both owner-occupiers and investors, with some southern investors buying sight unseen.
Property boom shows first crack as offers plunge 50pc
Buyers have begun to call time to Brisbane’s property boom as prices hit borrowing ceilings and sellers adjust their expectations.
After years of sizzling growth, Brisbane’s property market is showing its first real signs of cooling, with reports offers on homes have halved as buyers pull back.
Buyers’ agents have begun reporting a clear shift – fewer bidders, softer competition and less FOMO – plus something Brisbane has not seen consistently for several years: homes selling below listed price guides.
This sharp change in buyer behaviour swept through the market over the past month, according to leading local buyers’ agent Zoran Solano of Hot Property Buyers Agency.
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