Queensland's double-digit growth suburbs are revealed: REIQ
Almost 70 Queensland suburbs delivered double digit house price growth over 12 months to June, according to the latest REIQ research from the Queensland Market Monitor report.
There were 11 suburbs that reached an annual house price growth of more than 20 percent.
A main focal point of Silverhall’s research are precincts within the Ipswich LGA. Spring Mountain near Ipswich grew over 103%, with 5 other suburbs enjoying double digit growth. There was more success all along the Queensland coast.
REIQ CEO Antonia Mercorella said while many headlines predicted doom and gloom for the property market, the reality was very different with many markets in Queensland performing exceptionally well.
“A total of 68 suburbs throughout Queensland have delivered double-digit growth over 12 months, which is a really strong result,” Mercorella said.
“And there are m any more suburbs delivering strong single-digit growth. It’s a great market to be in at the moment.”
A total of 41 suburbs in the southeast corner dominated the list of top performers for capital growth in Queensland, comprising around 60 percent of all 68 suburbs included on the list.
Recent key reports by leading industry experts on the performance of suburbs within the SEQ property market, include all of Silverhall's researched areas. These rising suburbs are listed as identified by Silverhall’s research since 2015.
Tim Lawless: National Research Director of CoreLogic RP Data - 29th Ocotber 2018
"Some of the capital cities are also showing a broad base to rising values as well. In Brisbane, seven of the nine SA4 sub-regions have seen a rise in values over the past year."
https://www.propertyobserver.com.au/forward-planning/investment-strategy/market-trends/91958-queensland-double-digit-growth-suburbs-revealed-reiq.html?utm_source=Property+Observer+List&utm_campaign=64f17736bf-EMAIL_CAMPAIGN_2017_09_28_COPY_01&utm_medium=email&utm_term=0_a523fbfccb-64f17736bf-245655693
https://www.propertyobserver.com.au/tim-lawless/91531-the-regions-where-dwelling-values-are-still-rising-tim-lawless.html