Noosa News
Queensland property prices defy COVID-19 downturn as interstate buyers head north in droves
House prices in Queensland are continuing their upward march, growing by an average of 0.6 per cent in November, taking annual growth in the state to 3.2 per cent.
Key points:
- Queensland is the number one destination for interstate migration, according to REIQ
- Demand for luxury beachfront property on the Gold Coast is “exploding” among Melbourne and Sydney buyers
- Cairns is seeing unprecedented demand for rental properties from people living interstate
The latest monthly data released by CoreLogic showed prices grew in every capital city rising by 0.8 per cent nationally.
Darwin and Canberra posted the strongest results with gains of 1.9 per cent and the median value of dwellings in Brisbane has now reached $515,267.
In Greater Brisbane, the…
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