NeighboUrhoods
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QUEENSLAND
Queensland's property market has shown remarkable resilience and growth over the past three years. Driven by strong interstate migration, particularly from southern states, desirable lifestyle factors, and major infrastructure projects like the Cross River Rail and the 2032 Olympics, prices have surged across the state.
While Brisbane has led the charge with impressive growth, regional centers like Townsville and the Sunshine Coast have also experienced significant gains.
This upward trajectory is expected to continue over the next decade, with experts predicting sustained growth, albeit at a potentially moderated pace. Factors like ongoing population growth, limited housing supply, and continued investment in infrastructure paint a positive picture for Queensland's property market future.
VICTORIA
Victoria's property market, particularly in Melbourne, has experienced a period of more moderate growth compared to Queensland over the past three years. After a strong surge in 2021, the market faced a slight downturn in 2022 and early 2023, but has since stabilized.
While affordability remains a challenge, particularly in inner-city areas, strong economic fundamentals, a diverse economy, and ongoing population growth underpin the market's potential.
Over the next ten years, Victoria's property market is expected to see steady growth, with potential for stronger gains in regional areas and affordable pockets within Melbourne. However, factors like interest rate movements and housing supply will play a crucial role in shaping the market's trajectory.
SOUTH AUSTRALIA
South Australia's property market has been a standout performer in recent years, with Adelaide experiencing significant price growth.
Driven by affordability, strong employment prospects, and a growing reputation as a desirable place to live, the market has attracted both local and interstate buyers.
Over the past three years, Adelaide has recorded impressive growth, outpacing some of the larger capital cities. This positive momentum is expected to continue over the next decade, with experts forecasting further price increases. A robust economy, major infrastructure projects, and a relatively affordable market compared to the eastern states position South Australia for continued property market success.
