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QLD Market Update

Delve into our most recent property insights to uncover the latest trends in Queensland.
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Queensland Market Update

Houses lead in Queensland, but vacant land plays a much bigger role than in NSW

  • Houses rose in Q3 to 59.66% of purchases, up from 57.9% in Q2, and sitting at more than double the share of strata.
  • Vacant land eased to 15.59% from its Q2 high of 17.6%, still above Q1’s 14.9% and nearly double NSW’s 7.58%.
  • Strata sits at just under a quarter of purchases at 24.75%.

Gold Coast dominates unit demand, with Surfers Paradise well out in front

  • Surfers Paradise leads the list with sales about 43% ahead of second-placed Broadbeach and more than four times those in Brisbane City. It alone accounts for roughly a quarter of all sales across the top 10.
  • Seven of the ten suburbs are on the Gold Coast: Surfers Paradise, Broadbeach, Southport, Labrador, Varsity Lakes, Coolangatta and Coomera.
  • Brisbane is only represented by West End and Brisbane City, and Maroochydore is the sole Sunshine Coast suburb.
  • Maroochydore climbed from #9 in Q2 to #5 in Q3 as the Sunshine Coast’s only suburb on the list, supported by ongoing City Centre development and steady demand for low-maintenance coastal living.
  • The Q3 rankings also show movement within the Gold Coast, with Labrador, Varsity Lakes and Coolangatta entering the top 10 after Robina and Main Beach featured in Q2, while Southport climbed to #3.

House demand reaches well beyond the south-east corner

  • The top ten is tightly bunched, with first-placed Morayfield only about 40% ahead of tenth-placed Pimpama. This is in direct contrast with the unit market.
  • Growth corridors are well represented, with Morayfield and Caboolture (Moreton Bay), Redbank Plains and Springfield Lakes (Ipswich) and Pimpama (Gold Coast) all making the list. Buyers appear to be heading to the more affordable fringe areas.
  • Regional Queensland has a strong presence, with Kirwan, Maryborough, Gracemere and Emerald taking four of the ten spots.

Industry insights on buyer activity

Surfers Paradise is well out in front of the rest of Queensland. It recorded 43 per cent more unit sales than Broadbeach in second place and around four times the volume of Brisbane City in tenth.

Lee Bailie
Chief Operating Officer | InfoTrack

Regional Queensland is becoming a much more compelling alternative for buyers under financial pressure.

Sandra Falzon
Chief Marketing Officer | InfoTrack

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