QLD set for double-digit property growth
SOUTHEAST Queensland house prices are tipped to grow by up to 20 per cent in the next few years as Sydney and Melbourne’s once sizzling property markets continue to lose steam, according to veteran real estate agent John McGrath.
Speaking after the release of the group’s annual residential market report, Mr McGrath told The Courier-Mail the state was only just over halfway through the current property cycle and stood to benefit from the slowdown starting to grip the southern capitals. “We’re very bullish in your part of the world,” Mr McGrath said. “There’s no doubt in my mind there will continue to be growth in southeast Queensland.”
Mr McGrath said he expected between 10 and 20 per cent growth over the next two to three years in the Queensland’s southeast corner, led by Brisbane. Mr McGrath predicts suburbs with easy access to the CBD, the water and/or infrastructure to be the big winners over the next year. On the Sunshine Coast, McGrath’s top picks are Peregian Springs and Caloundra. Click here to read full article.