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QLD Market Update

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

Queensland Market Update

*This quarter we refined our property type definitions to more closely align with common definitions of those property types.

Nearly 60% of property buyers in Queensland opted to purchase a house

  • 59.77% of property transactions were identified as fully detached houses, a slight increase from 59.37% recorded in the first quarter of this year.
  • Conversely, proportion of vacant land transactions were slightly higher, accounting for 13.77% compared to 13.14% in 2024 Q1.

Surfers Paradise continues to top the list for Strata dwellings

  • Half of Strata Unit purchasers, in the Top 10 locations, are split between Brisbane inner city and the coastal areas.
  • Maroochydore is the only suburb from the Sunshine Coast region to make it into the Top 10.
  • Nundah, situated in Brisbane’s north, has entered the Top 10 for the first time in three years.

Redbank Plains, located in the Ipswich area, topped first place for House purchasers

  • Moreton Bay area is popular for house buyers. Three suburbs (Morayfield #2, Caboolture #5, and Narangba #10) appeared in the Top 10.
  • Kelso, situated in Townsville, has entered the Top 10 for the first time ever at #9.
  • Kirwan, similarly, located in Townsville, has made a consistent appearance on the list in previous quarters, reinforcing North Queensland’s growing popularity.

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Industry opinions on First Home Buyer activity

Redbank Plains is a great commuter suburb with both the Ipswich Motorway and the Centenary Highway within easy access. Given its convenient location, and its relative affordability, it’s not surprising to see it has topped the list of house sales
Lee Bailie
Head of Property AU | InfoTrack
It’s always interesting to see a new suburb enter the Top 10 list, and especially so when it appears for the first time, in the number one position. Merrylands and Merrylands West have seen a surge in development on the back of Western Sydney Council’s target to deliver 28,000 homes to ease the housing crisis.
Sandra Falzon
General Manager Marketing and Ecommerce | InfoTrackGO