The property market in south east Queensland is booming, with house values reaching record highs.
Property prices experienced a 2.9 per cent hike in December alone, as Sunshine State real estate increases in popularity. Real estate agent Trace Olsen from Ray White Chermside said more people were relocating to Queensland from southern states.The property market in south east Queensland is booming, with house values reaching record highs.Over the last year, prices in the Logan and Beaudesert area in Brisbane's south have jumped by 4.2 per cent, while in Ipswich to Brisbane's west, house prices have hiked by 3.4 per cent.
Prices are predicted to continually rise ahead of the 2032 Brisbane Olympics, with the biggest boost locally to be felt in the years leading up to the big event."That's where we'll see the real multiplier effect kicking in from such a huge infrastructure spend and all of the branding that comes with the Olympics," Mr Lawless said.
When will the bubble burst?