30 000 (net) people have moved to SE qld in the last year ... supply is short. Even rentals are difficult to find now. A friend of mine has a property that his father listed and within 24 of listing he received 130 applications for it.
The only thing not going up on the GC is unit prices (for our American friends, I believe you call units 'condominiums). And thats because there are over 80 000 units for holiday rentals alone on the GC and tourism has crashed with covid.
Hey John, surely not last year as there was a border lockdown only open in December.
I would say, since December to now there’s been a huge escape to Qld of 30,000 ppl.
That means more than usual!
Hence makes sense why property prices have sky rocketed. And why in our area in Coombabah, hardly any homes for sale as couple years ago.
I see in real estate windows “sold” sticker on two thirds of flyers.
Glad we bought when we did 14 years ago for $285K
And it hardly moved up... until 3 years ago was worth barely $100k more after all those years!
That bs about doubling every 10 years....
Well, now it’s worth $550K but.... trouble is, every other property has gone up too.
And money is worth crap at .7% in the bank.
We like that house, it’s good and solid, just got new fence (colourbond steel). It’s got new carpets, new rev cycle 7kw air con. Easy maintenance small block, no body Corp.
This is what we always liked, something with no body Corp, sinking fund etc.
