Real Estate Business
Queensland residential property markets are poised to go into a growth phase due to a positive economic upturn. And one real estate expert said we’re likely to attract big numbers of asset-rich people, with much of their wealth having arisen from Sydney property sales.
RE/MAX managing director Michael Davoren said that he has been anticipating a “massively” strengthening South East Queensland market for some time, and has been educating agents to prepare for it.
His comments follow the release of a Macquarie Bank research report that found that a 130,000-strong wave of people is tipped to move to Queensland from the southern states, especially Sydney, for its more affordable property and good job prospects.