South East Property Market in 2020
Many property experts are tipping 2020 to be an excellent year for the Australian market in general. But what’s in store for South East Queensland?
Both Sydney and Melbourne bounced off their lows, with the last six months providing growth in the nation’s two most robust markets.
However, arguably the most discussed market happens to be Brisbane. Many property experts, economists, agents and spruikers are tipping Bris-vegas to be the most active market in 2020 and over the next three years.
Brisbane’s property downturn was less than 1% below the peak, while Melbourne and Sydney experienced up to 15% respectively.
Brisbane has some exciting projects on the horizon, including:
- Queen’s Wharf. Queens Wharf
- Northshore Parklands and Community Space
- Brisbane Airport Redevelopment
- Howard Smith Wharves
- Brisbane Quarter
- Brisbane Metro
- Brisbane Live
(link the above)
Economic forecaster BIS Oxford Economics says Brisbane will lead the capital cities, and the value of Brisbane properties are forecast to surge as much as 20% over the next three years.
Gold Coast property market has undoubtedly sparked interest again in late 2019, with some suburbs experiencing double-digit price growth.
Exciting Gold Coast projects include:
- Gold Coast Health and Knowledge Precinct
- G:Link light rail
- HOTA – Home of the Arts
It’s no secret that South East Queensland is a desirable place to live. Worldclass beaches, theme parks, fantastic entertainment, a burgeoning food scene and cost-effective activities at your doorstep. Queensland is also the number one destination for internal migration.
If you’re looking to buy or sell in this market, we can assist you. Please contact us today for a FREE consultation.