Queensland's double-digit growth suburbs are revealed: REIQ

Almost 70 Queensland suburbs delivered double digit house price growth over 12 months to June, according to the latest REIQ research from the Queensland Market Monitor report.

There were 11 suburbs that reached an annual house price growth of more than 20 percent.

A main focal point of Silverhall’s research are precincts within the Ipswich LGA. Spring Mountain near Ipswich grew over 103%, with 5 other suburbs enjoying double digit growth. There was more success all along the Queensland coast.

REIQ CEO Antonia Mercorella said while many headlines predicted doom and gloom for the property market, the reality was very different with many markets in Queensland performing exceptionally well.

“A total of 68 suburbs throughout Queensland have delivered double-digit growth over 12 months, which is a really strong result,” Mercorella said.

“And there are m any more suburbs delivering strong single-digit growth. It’s a great market to be in at the moment.”

A total of 41 suburbs in the southeast corner dominated the list of top performers for capital growth in Queensland, comprising around 60 percent of all 68 suburbs included on the list.

Recent key reports by leading industry experts on the performance of suburbs within the SEQ property market, include all of Silverhall's researched areas. These rising suburbs are listed as identified by Silverhall’s research since 2015.

Silverhall’s research identified this location as an investment hotspot in 2016 with many clients wisely investing in the area to date. There is still substantial growth to occur. We seriously see this location in a similar way we forecasted the growth of the North West and South West of Sydney with the extensive employment growth and infrastructure investment.

Strong migration into Queensland has helped house and apartment prices in Brisbane stay in positive territory. Two million new residents and close to a million new jobs over the next 20 years, plus a bold proposal for a rapid rail network - all highlighted by the Courier Mail's incredible new feature series 'Future South East Queensland'.

17th September 2018 Terry Ryder

There are strong linkages between events in the local economy and outcomes in real estate markets.

If a city’s economy is growing and creating jobs, real estate markets will be busy.

Proximity to employment nodes is an important marker to look for, remembering that most of the jobs are in the suburbs, not in the CBDs.

If a major new infrastructure project is planned, we want to know about it. If a business is expanding, creating hundreds of extra jobs, that’s worth adding to our database of knowledge. If a company is relocating its business because of a particular dynamic in the new location, that creates a blip on our radar screen.