The ripple effect is alive and well…
The Courier Mail
Saturday 19th March
The Price Predictor Index, which tracks increased sales to pinpoint where prices will rise, tipped Gold Coast canal suburbs, Beenleigh and Logan City, and Moreton Bay region for “five-star growth”.
Moreton Bay was named “national growth star” region after a stellar rise to now run neck and neck with Logan/Beenleigh regions for Brisbane area top spot. Both locations have 15 suburbs that are “rising fast” or “rising steadily”.
Report author Terry Ryder of Ryder Research Resources said Moreton Bay was “the big improver among all markets in Australia” but the Gold Coast was still the country’s top location for growth suburbs, with 25 under its belt.
Mr Ryder said changes in number of sales were a good sign prices would shift. “This means investors can buy ahead of price growth, by finding locations where sales volumes are rising but prices have not yet moved.”
REIQ chief executive Antonia Mercorella said the December quarter was the 14th consecutive quarter of growth for Brisbane median house prices.
The standout in the Brisbane precinct was expected to be Shailer Park where good affordability had seen sales jump to 105 a quarter from just 65 18 months ago.
Three Moreton Bay suburbs made it into the national top 30 growth suburbs list – Deception Bay, Morayfield and Warner.
Heather Murray of Jan Jones Real Estate said the last four to five months had seen Deception Bay demand grow. “You can still pick up a three-bed, one-bath brick and tile home in the late $200, 000s.”
Kirsty and Graham Walker, who moved into a four-bedroom Deception Bay home a week ago, were happy. “Hooray, that’s fantastic now that we’ve already bought there,” Mrs Walker said.
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