Ray White Carina

The good news continues for Queensland. Not only is our state seeing the strongest population growth in Australia, there was the July announcement of the Olympic Games in 2032. The Brisbane Olympics are estimated to contribute a $17.6 billion social and economic boost and will lead to considerable infrastructure spending for Brisbane. This positivity of the announcement will be good news for Brisbane property and as further news is released, we will be able to get a better idea as to the geographic areas that will be most impacted. At the very least, more new housing will be developed than otherwise would - in both Melbourne and the Gold Coast considerable housing developed for athletes was subsequently converted to private housing. Brisbane doesn’t show the same affordability challenges as Sydney and Melbourne, which may help to explain the persistently high rate of growth, but also fewer outbreaks of COVID and a strong interstate migration tailwind supporting housing demand in the absence of overseas migration. We’re not experiencing the same spike in volume of properties coming to market that we would usually in springtime. Competition from buyers is still fierce and with low stock it means sellers who come to market now are achieving above expectation prices. Buying, selling, investing, be it your first home or upgrading – I invite you to get in touch and experience the Ray White difference for yourself. Conrad Leisemann Ray White Carina/Carindale WHAT’S HAPPENING IN OUR MARKET?