Toowoomba City: Keep an Eye on This Investment Destination in Queensland
03.11.2023
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Several significant market factors are shaping up as potential property price drivers in parts of Australia, which experts say may see them dodge cooling trends.
Increased immigration, the return of international students, continuing interstate migration, and a first-home buyer preference for apartments are tipped to lead some suburbs outperform others in the next few years.
Property experts have pinpointed Queensland’s southeast, inner-city apartment markets in Sydney and Melbourne, ‘sister cities’ like Geelong and Wollongong, and greenfield developments in outer metropolitan suburbs as those most likely to grow.
“We’re expecting property prices to [cool] in the immediate future – interest rate rises, and cost-of-living are the biggest factors affecting affordability,” said social researcher Geoff Brailey, from McCrindle Research.
“But it will be fascinating to see how population growth plays out against that.”
Source: realestate.com.au
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