Boosted Grant: Queensland’s Housing Challenges Addressed
In a proactive response to the declining home ownership rates among young…
3 November 2021
Real estate investors and relocators from Victoria and New South Wales are creating a boom in North Queensland’s housing market. Signalling a continued surge in growth, the real estate market in the Sunshine State is being priced at 10-15% higher than just 6 months ago and demand continues to increase.
With Brisbane housing prices averaging at $800,000, North Queensland’s Townsville averages at only $350,000 for a family home. This investment opportunity is balanced by employment prospects and many are making the jump to invest before international buyers return to the market.
With interstate restrictions, buyers are basing their investments solely on the advice of their agents, as well as digital walkthroughs, videography and social media.
With prices on the rise, one busy agent claims “I do not think this is the end. I do think it’s only the beginning for (places like) Townsville.