Queensland remains a top destination for house hunters despite skyrocketing rents and prices, with a survey finding 15 per cent of Aussies are considering moving to the state in three to five years.
A YouGov survey has found almost half of respondents who were still motivated to move to Queensland said it had better weather conditions and overall quality of life , with the Gold Coast top of the list as a destination for 40 per cent of them.PropTrack senior data analyst Karen Dellow.
“A higher proportion of property seekers from Victoria are looking to buy in Queensland rather than rent. The reverse is true for New South Wales, where 55 per cent of all searches into Queensland are for rental properties. The number of New South Wales searches for those looking to buy is slightly lower, comprising 51 per cent of searches.”
Latest Australian Bureau of Statistics data has Queensland showing the highest annual population growth rate in the country – up 2.2 per cent to 5.35m people in September.KPMG urban economist Terry Rawnsley said population growth had “definitely returned to that pre Covid trend with international migration opening up, but also it’s still pretty attractive for interstate migration and that comes down to housing affordability”.
Villawood Properties Queensland GM Michael Williams said demand remains strong from out of state buyers, including those priced out of markets interstate or “interstate regional relocators wanting to escape the rat race”. “Not only is land supply tightening but land values have skyrocketed and it’s priced many people out of the market.”
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