Mackay, Townsville property prices could soar as Sunshine, Gold Coast markets dip
4 days, 13 hours ago

Mackay, Townsville property prices could soar as Sunshine, Gold Coast markets dip

ABC  

Would-be buyers risk being priced out of their own regional towns, as national property prices fall and investors hunt for bargains beyond Queensland's coastal hotspots. CoreLogic's latest data found Gold Coast property prices fell ever so slightly by 0.1 per cent in December, while Sunshine Coast prices went up by about the same. She said the sale of one property in Eimeo, 20 minutes from Mackay's CBD in the beachside northern suburbs, had 42 offers and sold for "almost $100,000" above asking price. "It's probably something like 60 per cent investors and 40 per cent locals. She said the most recent upswing nationally was about 14 per cent across the country, while the worst property price fall on record was 8 per cent in the 1980s.

Gold Prices Price Fall Investors Mackay Cent Coast Queensland Sunshine Townsville Gold Coast Sunshine Coast Corelogic Ms Owen Property Prices Property Markets Chrystle Campeao  townsville  fall  prices  price  property  markets  soar  dip  cent  gold  mackay  coast  investors  owen  sunshine

History of this topic

Brisbane sheds its sleepy image with surging house values — now only second to Sydney
7 months, 1 week ago

Brisbane sheds its sleepy image with surging house values — now only second to Sydney

ABC  

So, you still think of Brisbane as the sprawling, steamy, sleepy backwater in Australia's deep north? There's such a shortage of houses and units that anyone with the means to buy – locals, along with the 116,260 new arrivals from overseas and interstate last year – is camping out in crappy rentals across the city, doom scrolling on real estate …

Home prices are up for nearly all of Queensland this year — but Sunshine Coast and Noosa are still down
1 year, 3 months ago

Home prices are up for nearly all of Queensland this year — but Sunshine Coast and Noosa are still down

ABC  

One of Queensland's most expensive housing markets now appears to be lagging behind as much of the country records surging property prices. Key points: Property prices are up for every Queensland region year-on-year, except for on the Sunshine Coast and in Noosa The region's prices have increased by 2.4 per cent over the past three months, after falling from record …

Byron Bay property prices plunge as some regions buck trend, according to CoreLogic data
1 year, 11 months ago

Byron Bay property prices plunge as some regions buck trend, according to CoreLogic data

ABC  

In a case of what goes up must come down, property prices in Byron Bay have plunged 25 per cent in the past 12 months as interest rate hikes start to bite and tree and sea changers move back to the city. After experiencing staggering price growth during COVID, the New South Wales Richmond-Tweed area, which takes in Byron, is …

Bateau Bay, Mornington, Tugun, Runaway Bay real estate: Property prices drop below $1million
2 years, 1 month ago

Bateau Bay, Mornington, Tugun, Runaway Bay real estate: Property prices drop below $1million

Daily Mail  

Prices of properties near the beach and only an hour's drive from major city centres have fallen back below the $1million mark as new data shows their affordability will only continue to improve. Property prices near the beach only an hour's drive from a major city centre have fallen back below the $1million mark and are expected to become more …

The expensive suburbs where house prices are falling very sharply as interest rates rise
2 years, 4 months ago

The expensive suburbs where house prices are falling very sharply as interest rates rise

Daily Mail  

Wealthy suburbs near the beach and sea change areas are suffering the sharpest house price falls as interest rates keep surging. The far north coast of NSW is also going backwards with the median house price in the Richmond-Tweed area - covering Byron Bay and Ballina - plunging by 5.5 per cent last month to $963,737. The far north coast …

CoreLogic tipping biggest property market downturn since the early 1980s
2 years, 5 months ago

CoreLogic tipping biggest property market downturn since the early 1980s

Daily Mail  

Some of Australia's wealthier areas are suffering the sharpest drop in property values, as surging interest rates spark the steepest housing market downturn in four decades. Wealthier suburbs are suffering the sharpest drop in property values with surging interest rates tipped to cause the steepest housing market downturn in four decades Median house prices fall as interest rates surge SYDNEY: …

Gold Coast unit prices slowing but bucking downward trends as Australia's property market eases
2 years, 6 months ago

Gold Coast unit prices slowing but bucking downward trends as Australia's property market eases

ABC  

Several multi-million-dollar homes for sale on the Gold Coast are propping up the city's hot housing market, despite a nationwide downturn. Key points: The sale of a $22 million unit in Burleigh Heads is said to be the most expensive off-the-plan unit sale in Queensland's history Units on the Gold Coast are among the most expensive in the state Property …

Gold Coast, Sunshine Coast property prices cool but CoreLogic's Tim Lawless says not to worry
2 years, 8 months ago

Gold Coast, Sunshine Coast property prices cool but CoreLogic's Tim Lawless says not to worry

ABC  

Australia's most expensive real estate market outside of a major city is cooling but experts say it's not necessarily something to worry about. Key points: Blistering growth in house prices across south east Queensland has started to level out The Sunshine Coast region now has the highest median house price in the country Experts say there are many factors that …

Sunshine Coast, Gold Coast beachside boom to push housing costs higher than Brisbane
3 years, 2 months ago

Sunshine Coast, Gold Coast beachside boom to push housing costs higher than Brisbane

ABC  

Lockdown-fatigued buyers wanting to escape the city are pushing up house prices on the Sunshine and Gold coasts which are forecast to overtake Brisbane prices within three years. Key points: Average house prices on the Gold and Sunshine coasts are forecast to overtake Brisbane by 2024 The demand for homes is being driven by interstate arrivals fatigued by long lockdowns …

House prices across greater SEQ to outpace even Brisbane in lead-up to 2032 Olympics
3 years, 5 months ago

House prices across greater SEQ to outpace even Brisbane in lead-up to 2032 Olympics

ABC  

Brisbane might have won the 2032 Olympic and Paralympic games, but it could be regional Queensland's property market that comes away with the gold. Key points: Property prices across the south-east are set to outpace Greater Brisbane ahead of the 2032 Games Brisbane's housing values have increased 3 per cent a year over the past 10 years and experts expect …

Queensland towns facing remote-worker settler boom warned to brace for growing pains
3 years, 11 months ago

Queensland towns facing remote-worker settler boom warned to brace for growing pains

ABC  

A top Queensland planning expert has warned regions popular with new arrivals are facing impacts akin to a major resources boom as settlers push up house prices and rents, potentially forcing out locals. Key points: A planning expert says Qld regions could experience pressure akin to a mining boom Record numbers are leaving capital cities, and many are moving to …

Gold Coast property market tipped to 'increase dramatically' in first home buyer frenzy
4 years, 1 month ago

Gold Coast property market tipped to 'increase dramatically' in first home buyer frenzy

ABC  

A surge in first home buyers is set to fuel house price hikes, with the Real Estate Institute of Queensland tipping property values will "increase dramatically" in 2021. Key points: Real Estate Institute Queensland expects Gold Coast property prices to "increase dramatically" in 2021 Gold Coast suburb of Clear Island Waters, values have jumped 11.3 per cent year-on-year Home loans …

Sunshine Coast locals homeless as Victorians and Sydneysiders move north during the COVID pandemic
4 years, 2 months ago

Sunshine Coast locals homeless as Victorians and Sydneysiders move north during the COVID pandemic

Daily Mail  

Southerners trying to escape Covid-hit Melbourne and Sydneysiders who can now work from home have been blamed for a devastating housing shortage on Queensland's Sunshine Coast as locals are priced out of the rental market. Figures from the Real Estate Institute of Queensland show the Sunshine Coast's median rental availability in September 2020 was just 0.5 per cent - dropping …

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