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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

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

  • Houses have remained the preferred property type for those in the Sunshine State.
  • The figures dipped slightly to 59.68% in Q4, from 59.77% in Q2 and 60.22% in Q3.
  • Strata properties have seen a quarter-on-quarter increase throughout 2024, from 26.47% in Q2, to 27.43% in Q3, and 28.08% in Q4.
  • Conversely, vacant land continues to decline, though not significantly, from 12.35% in Q3 to 12.25% in Q4. 

The gateway between Brisbane and the Gold Coast remains attractive

  • Pimpama remains popular for houses, appearing within the top four suburbs for its third quarter in a row (Q2-Q4 2024).
  • Interest in this region seems to be growing, with Pimpama’s sister suburb Upper Coomera remaining in the list at #9 and its inland cousin Yarrabilba entering the list at #7.
  • The Moreton Bay Region has continued to prove popular with house buyers with Caboolture taking out the top spot and Morayfield at #6 on the list.

The Gold Coast remains attractive for units and townhouses in Q4

  • Transactions on strata dwellings in Southport made the biggest leap from #7 in Q3 to #1 in Q4, beating out Surfers Paradise, which remains in the top two for its third quarter in a row. We also see Labrador re-enter the top ten for the first time since Q3 2023.
  • Chermside and Hamilton make their first appearance in the top ten, while city-adjacent locations like Brisbane City, West End, South Brisbane and Fortitude Valley remain popular.
  • Brisbane remains the dominant region with Brisbane City, South Brisbane, Fortitude Valley, Chermside and Hamilton all featuring in the top ten.

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Industry insights on buyer activity

Greater Western Sydney is still proving to be the engine of urban expansion in NSW, but this quarter we can see regional areas and coastal hubs like Port Macquarie are increasingly competing for attention.
Lee Bailie
Head of Property AU | InfoTrack

Market activity tends to increase over spring and summer, especially in coastal regions. We can see this reflected in the QLD data this quarter, with unit and townhouse sales increasing in the Gold Coast region.

Sandra Falzon
General Manager, Marketing | InfoTrack