Well QLD government is still living with medieval era mind set with bunch of laid-back policy makers. No plan for catering new housing projects, new infrastructure projects, etc. Unfortunately no one to come forward and finance those. Day Dreaming of 2030 Olympics will going to be a treasure-trove yet no planning for handling the significant population growth by then. Now Brisbane housing market has become a real paradise of property gamblers, black money launders. They are doing their best by pushing nearly 45% price increase of properties just over 12 months. Top on everything inflation is causing rental to sky rocket at a ridiculous rate.
Supply and demand is the key driver. 250 000 + people have made Qld home in the last 2-3 years. Immigration being the number reason. All of those people have to live somewhere. That enormous and acute increase in population and housing demand has significantly increased rent and property prices. Plus now you can't get an appointment to see the Dr, the roads are congested worse than ever etc. Mass immigration is great for property investors in many ways but cost of living and quality of living is suffering enormously for most people. Immigration numbers need to be slashed in order to reduce demand for housing and services until things balance out again. That will take years though.
I am thinking of putting a deposit on a off the plan house in woodlinks estate ready feb 2026 at a locked in price of 760k. I own my town house in doolandella which is currently worth 600k. My hope is by doing this the price gap will close. My max borrowing power is 775k is this a good plan or not as if my townhouse drops in price i wont be able to pay for the new property, loosing my 40k deposit. However if my town home goes up the gap closes. What is you're advice. I really dont know what to do. I have to sign contract in December.
Well QLD government is still living with medieval era mind set with bunch of laid-back policy makers. No plan for catering new housing projects, new infrastructure projects, etc. Unfortunately no one to come forward and finance those. Day Dreaming of 2030 Olympics will going to be a treasure-trove yet no planning for handling the significant population growth by then. Now Brisbane housing market has become a real paradise of property gamblers, black money launders. They are doing their best by pushing nearly 45% price increase of properties just over 12 months. Top on everything inflation is causing rental to sky rocket at a ridiculous rate.
Thanks for ur feedback.
Supply and demand is the key driver. 250 000 + people have made Qld home in the last 2-3 years. Immigration being the number reason. All of those people have to live somewhere. That enormous and acute increase in population and housing demand has significantly increased rent and property prices. Plus now you can't get an appointment to see the Dr, the roads are congested worse than ever etc.
Mass immigration is great for property investors in many ways but cost of living and quality of living is suffering enormously for most people.
Immigration numbers need to be slashed in order to reduce demand for housing and services until things balance out again. That will take years though.
Great update thank you!
I am thinking of putting a deposit on a off the plan house in woodlinks estate ready feb 2026 at a locked in price of 760k. I own my town house in doolandella which is currently worth 600k. My hope is by doing this the price gap will close. My max borrowing power is 775k is this a good plan or not as if my townhouse drops in price i wont be able to pay for the new property, loosing my 40k deposit. However if my town home goes up the gap closes. What is you're advice. I really dont know what to do. I have to sign contract in December.
Andrea send me a message on linked in or call the office Monday I’ll go over with u
Thank you, I will call you Monday morning
I strongly recommend to get the most you can in debt as possible so you don't miss out. Booommmmmmmmmmmm
Get to the point