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Brisbane’s median house price has rocketed to $900,000, but Noosa has taken the top of the ladder with a price of $1.3 million, according to data from the Real Estate Institute of Queensland.
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Since the Palaszczuk government eased the ‘pause’ on hotel quarantine, people relocating to Queensland from COVID-19 hotspots have been quickest through the gates.
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Rental supply has reached crisis point in large areas of Queensland, forcing the real estate industry to call for investor incentives in the upcoming state Budget.
If you wondered why house prices were booming in Queensland official data has given a reason – about 2000 people a week moved to the state during the June and September quarters as Sydney and Melbourne experienced an exodus of people.
Brisbane’s median house prices have hit a record high of $738,000 after a 2.2 per cent rise in the December quarter, according to real estate listing site Domain.
A strong return to job confidence, strong population growth and a good COVID response have ironically been big factors in Queensland holding the worst unemployment level in the nation.
