Since the beginning of the pandemic, over 400,000 expats have come back to Australia, and many are willing to pay a bit extra to live in very desirable areas of capital cities.
Brisbane is now the only city being considered for the 2032 Olympic Games. Bringing the Olympics to Queensland's capital will pour extra dollars into the economy.
“Before you start trying to work out which direction the property market is headed, you should be aware that there are markets within markets.” - Paul Clitheroe
The capital city took a relatively low hit from the COVID-19 lockdowns and is now on the upswing with dwelling prices predicted to grow over 10 per cent this year.
The Knowledge Precinct will be the key commercial area in the masterplanned CBD, and the completion will positively impact economic growth and job creation.
Brisbane house prices have soared to record heights with increased demand underpinned by strong consumer sentiment and a surge in interstate migration.
As Queensland officials are finalising plans for the Games, funding will be focused on bringing infrastructure projects forward, which will have a positive effect on the property market.
With houses in lifestyle regions outperforming dense city living, South East Queensland is expected to soar this year with up to 10 per cent capital growth.
With low interest rates and government incentive schemes bolstering property values and new builds, Queensland investors and owner occupiers have a positive property outlook.
