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Report indicates mixed results for Qld property markets

bris
January 30, 2016

The Urban Development Institute of Australia’s (UDIA) latest report shows property investors are shifting their focus away from regional centres and towards the southeast corner.

The UDIA’s third Industry Insights Report analyses the state’s real estate industry across 15 regions.

The UDIA says increased property choice and continued low interest rates are encouraging owner-occupiers to return to the market in force.

On a location-by-location basis, the report reveals:

Brisbane – almost all respondents reported a rising market across all forms of housing over the last six months, and a view that the top of the cycle for apartments hasn’t yet been reached. Sunshine Coast – a positive outlook on the back of major infrastructure, economic diversification and improving domestic tourism figures. Ipswich – the market is steadily rising, although low employment growth and infrastructure investment may limit gains. Gladstone – outlook for 2016 is more positive. Toowoomba – riding the wave of infrastructure projects. Logan – two major master-planned communities have brought confidence to this corridor. Population growth in the Fraser Coast, Mackay and Gladstone has challenged recovery in these LGAs (local government areas). Mackay – while oversupplied, affordability is creating optimism for improved conditions over the next 12 months. Bundaberg – positive growth in the market will be driven by low interest rates and affordability. Cairns – sale volumes slowed but median prices rose and there’s major infrastructure due to commence soon. Gold Coast – has a positive outlook and a continued rising market is expected.

 

Original author: API

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