South-East Queensland’s property market continues to soar

[lwptoc]

As the countdown to the 2032 Brisbane Olympics begins, we are seeing unprecedented growth in the South-East Queensland region, with property owners and buyers alike feeling the effects.

With nearly one in five Queensland suburbs now part of the $1 million price club, the Sunshine Coast has become a hotspot for premium real estate. According to realestate.com.au, 268 suburbs have reached this milestone, and by 2025, another 37 are expected to join.

Host city Brisbane is now the second-most expensive city to buy a house in Australia, trailing only Sydney. The city’s median house price sits at $973,534 as of September 2024 and this upward trend shows no signs of slowing.

As the South-East Queensland property market surges, the Gold Coast is also making headlines, emerging as Australia’s fastest-growing economy and hitting an impressive $45 billion milestone – solidifying its place as a key driver of growth in the region.

The Key Drivers of Queensland’s Property Market

Interstate migration, particularly since the pandemic, has been a significant factor in driving demand. With Queensland’s population growing by over 144,000 in the past year, including large numbers of overseas arrivals, more people are seeking homes across Brisbane, the Gold Coast, and the Sunshine Coast.

The security of property ownership continues to drive many to invest. The Real Estate Institute of Queensland (REIQ) has observed consistent growth each quarter, defying expectations of a market plateau. Demand remains high, driven by limited supply and strong buyer interest.

What This Means for Property Owners and Buyers

For property owners in South-East Queensland, current market conditions offer significant opportunities for equity and capital growth. Those looking to enter the market face a competitive environment, where careful planning and access to up-to-date information are key—with the potential for substantial long-term benefits.

With prices continuing to rise, informed decision-making is essential for both buyers and sellers.

Stay Ahead of the Market

At Image Property, we understand the evolving nature of the South-East Queensland property market. Whether you’re looking to buy or simply want to stay on top of market changes, our team is here to provide expert guidance.

South-East Queensland’s property market continues to soar

By Adam Empringham, Director of Sales.