Households earning less than $180,000 could soon be priced out of the South East Queensland market.
Brisbane and the Gold Coast have the unwanted label of the hardest in the country to find both affordable and liveable suburbs.
Brisbane and Gold Coast Labelled Most Difficult Housing Market
Households earning less than $180,000 could soon be priced out of the South East Queensland market, with Brisbane and the Gold Coast labelled as the most difficult housing markets in the country.
The latest figures from the Real Estate Institute of Queensland (REIQ) show that Brisbane’s median house price has risen to $670,000, while on the Gold Coast it is now at $650,000. This means that households earning less than $180,000 are struggling to find both affordable and liveable suburbs in these two regions.
The REIQ has also reported that house prices in South East Queensland have increased by an average of 8% over the past year. This is due to a combination of factors including low interest rates, population growth and a lack of housing supply.
However, despite these increases there are still some areas where buyers can find more affordable properties. For example, suburbs such as Logan City and Ipswich are still relatively affordable for those looking to buy a home in South East Queensland.
In addition to this, there are also some areas where investors can take advantage of strong rental yields. The Sunshine Coast is one such area which offers good returns for investors looking for rental properties.
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