Queensland continues to dominate national real estate headlines, with a surge in ‘supercharged’ suburbs, record-breaking price growth in Brisbane, and a new wave of government support for first home buyers. While many markets are booming, savvy buyers can still find value in certain underpriced areas. Meanwhile, the Reserve Bank’s latest cash rate decision signals a cautious approach to managing inflation amid ongoing cost-of-living pressures. Here’s a quick roundup of the key developments shaping the market this month.
Queensland Leads the Nation with 15 ‘Supercharged’ Property Markets
Queensland is dominating Australia’s real estate scene, with 15 suburbs named as ‘supercharged’ markets in the latest Hotspotting Price Predictor Index. These suburbs, including Brisbane’s Manly West and New Farm, are booming due to strong buyer demand and increasing sales activity. The trend also extends to regional hotspots like Redlynch and Sippy Downs. The data suggests sustained growth ahead, especially in affordable and lifestyle-driven areas.
$101,000 Higher: Records Tumble as Brisbane, QLD Home Prices Rise
Brisbane has officially overtaken Melbourne in median dwelling prices, with homes in the Queensland capital now selling for $101,000 more on average. CoreLogic data shows Brisbane’s median dwelling value has reached $882,000, up 8.7% year-on-year. Regional QLD markets like Townsville and Central Queensland are also experiencing double-digit growth. Experts cite strong migration, limited supply, and infrastructure investment as key drivers.
Where Homes Are Selling Below Market Value
Bargain buys still exist in today’s market — if you know where to look. A recent News.com.au analysis reveals suburbs across Australia where homes are selling below market value, despite the broader property boom. Often due to oversupply, motivated sellers, or economic factors, these markets present opportunities for savvy buyers. However, experts caution that buyers should research thoroughly to avoid potential pitfalls.
QLD Government Scraps Stamp Duty for First Home Buyers
In a major affordability reform, the Queensland government has abolished stamp duty for eligible first home buyers purchasing properties up to $700,000. Effective immediately, the move is expected to save buyers tens of thousands and improve access to the market. Premier Steven Miles said the policy would help younger Queenslanders get a foot on the property ladder as the cost of living and housing rises.
RBA Holds Cash Rate Amid Cost-of-Living Pressure
The Reserve Bank of Australia has kept the cash rate steady at 4.35%, despite speculation of potential hikes. The decision reflects ongoing concerns about inflation and cost-of-living pressures. RBA Governor Michele Bullock reiterated the need to strike a balance between containing inflation and supporting households already stretched by high mortgage repayments. Economists now anticipate a rate hold for the rest of the year, barring any major economic shocks.
From record-breaking price growth to new incentives for first home buyers, the Queensland property landscape is shifting rapidly. Whether you’re looking to buy, sell, or simply understand how these changes impact your current investment, staying informed is key.
At All Around Realty, we’re here to help you make sense of the market and make confident decisions. If you’re wondering how these updates affect your property plans — or you’re ready to take advantage of emerging opportunities — get in touch with our team today for expert advice tailored to your goals.
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