QLD Market Update

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

Queensland Market Update

Over 60% of property buyers in Queensland show a preference towards houses

Houses have continued to gain ground as the preferred property type for those purchasing property in the sunshine state.
This uplift is a continuing trend throughout 2024, from 59.37% recorded in the first quarter of this year to 59.77% last quarter, and now sitting at 60.22% for Q3.
Strata properties have also experienced a quarter-on-quarter increase, going from 26.47% in Q2 to now 27.43%.
Conversely, vacant land has dropped by 1.42% from last quarter to now be sitting at 12.35%.

South-east Queensland still the biggest draw card for unit purchasers

Surfers Paradise and Brisbane City have maintained their grip on the two top spots from Q2 into Q3.
The coastal town of Maroochydore, located in the Sunshine Coast Region, has risen in popularity over the last quarter going from 6^th spot in Q2 to now be sitting in 3^rd.
Brisbane has come out ahead in the battle to be the region with the highest number of Top10 locations with five suburbs appearing – Brisbane City, South Brisbane, Fortitude Valley, Nundah and Indooroopilly.
New entrants on the list are Indooroopilly, Coolangatta and Broadbeach coming in 8th, 9th and 10th spots consecutively.

Gateway between Brisbane and the Gold Coast a winning location

Pimpama has risen from 4th spot in quarter two to now be sitting in 1st place.
Pimpama is highly appealing to house seekers due to its strategic placement between the Gold Coast and Brisbane city.
The increased interest in this vicinity seems to be growing, with Pimpama’s sister suburb Upper Coomera appearing in the Top10 list for the first time in 2024 in 7^th place.
Moreton Bay Region has continued to prove popular for house buyers with Caboolture, Morayfield and Narangba once again appearing on the list.

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Industry opinions on buyer activity

While the increase in New South Wales unit sales may seem incremental, it shows home buyers are increasingly opting for more affordable housing solutions given current economic conditions.

Lee Bailie

Head of Property AU | InfoTrack

The suburb of Pimpama has come in at number one on the Top Ten list for Queensland house sales. Pimpama is equal distance to the heart of the Gold Coast and the Brisbane CBD and that makes it a very attractive commuter suburb.

Sandra Falzon

General Manager Marketing and Ecommerce | InfoTrackGO