Emma and Grant Parkin were planning to move out of their townhouse and into a slightly larger home with their two young daughters. The couple was one of 17 registered bidders for a house at Indooroopilly in Brisbane's west that went to auction in late February.
Mr Parkin said prices "have gone through the roof" since the threat of the coronavirus pandemic eased in Queensland. Mr Parkin said the young family would now do some renovations to their townhouse and try to buy a larger home in a couple of years.
Finance professor from the University of Queensland, Shaun Bond, said a strong up-tick in demand was affecting house prices. Professor Bond said while price growth was strong, he would not classify it as a bubble.
Professor Bond said the rollout of the Coronavirus vaccine in Australia could affect the housing market. Provisional internal migration figures from the ABS showed Queensland had a net gain of 7, people in the September quarter. The number of people arriving in Queensland from other states fell in comparison with the previous quarter.
But, crucially, fewer people left Queensland, with departures at their lowest level since December In net terms, Queensland gained more than 4, people from New South Wales in the September quarter. Last week, Premier Annastacia Palaszczuk told parliament more people were moving to Queensland's regional areas rather than to Brisbane.
We acknowledge Aboriginal and Torres Strait Islander peoples as the First Australians and Traditional Custodians of the lands where we live, learn, and work. Key points: This month marks the sharpest monthly increase in Brisbane house prices since Experts say the rise is due to low mortgage rates and a shortage of housing stock Demographers say net interstate migration to Queensland is the highest it has been in 20 years.
You can see hourly air data here. Investing in Gladstone property means keeping an eye on population and employment. More people and more people in work means lower vacancy rates which push up housing demand and bolster the market. The population is expected to reach 34, by the end of June One of the reasons the growth rate is steady is employment rates. According to census, the main occupations and industries of people living in the Gladstone area closely reflect the industry in the region.
Technicians and Trades Workers make up The main industries people from Gladstone work in are 6. Other major industries of employment included Supermarket and Grocery Stores 3. Save my name, email, and website in this browser for the next time I comment. Sign in. Log into your account.
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