The State of the Housing Market in South East Queensland

As of January 2025, South East Queensland's housing market continues to exhibit robust growth, driven by strong demand, limited supply, and significant interstate migration.

Market Performance and Suburban Trends

Recent developments in the real estate market of South East Queensland illustrate the region's vibrancy. In the Gold Coast area, neighbourhoods such as Broadbeach, Mermaid Waters, and Southport have become attractive destinations for buyers, evidenced by auction clearance rates reaching 70% and notable sales surpassing $1.5 million for high-end waterfront properties.

Brisbane's real estate market continues to excel, with a median house price reaching $973,534 by the end of 2024. Inner-city neighbourhoods such as New Farm, Paddington, and Bulimba (median price for house $1,930,000) are in high demand due to their appealing lifestyle offerings. In contrast, outer suburbs like Forest Lake (median price for house $825,000), Springfield Lakes, and North Lakes are popular among families and first-time homebuyers seeking more budget-friendly options.

The Sunshine Coast remains a magnet for high-end buyers, with areas like Noosa Heads, Sunshine Beach, and Buderim regularly recording median house prices exceeding one million dollars. Additionally, the adjacent hinterland suburbs of Montville and Maleny (median price for house $1,030,000) are gaining attention for their picturesque landscapes and tranquil living environment.

Factors Influencing the Market

Several significant factors influence the dynamics of the housing market in South East Queensland:

Interstate Migration: The region is attracting buyers from states such as New South Wales and Victoria, which is increasing demand in sought-after suburbs like Palm Beach (median price for house $1,772,500), Holland Park, and Mooloolaba.

Limited Supply: A slowdown in construction has resulted in fierce competition, particularly in areas such as Caloundra (median price for house $1,006,250), Oxenford, and Mount Gravatt East.

Affordability Trends: Suburbs that offer more affordable housing options, including Loganlea (median price for house $705,000), Caboolture, and Ipswich, are witnessing a surge in demand

Rental Market Insights

The rental market continues to be competitive, particularly in areas with high demand. Suburbs in Brisbane, including West End, Teneriffe, and St Lucia, experience significant interest owing to their closeness to universities and lively cultural centres. Similarly, on the Gold Coast, suburbs like Surfers Paradise, Varsity Lakes, and Robina remain appealing to renters, thereby providing consistent returns for property owners.

Future Outlook

Heading into 2025, South East Queensland's housing market is expected to remain buoyant. Key growth suburbs which are projected to benefit from infrastructure improvements and lifestyle appeal include Helensvale (median price for house $1,185,000) and Redcliffe (median price for house $810,000). The infrastructure improvements for Helensvale include - the Coomera Connector, a new railway station and a $100 million business parkand, The Infrastructure improvements for Redcliffe include - hospital expansion, a road upgrade, and a residential development. Economists predict house prices and rents will continue to rise, driven by sustained interstate migration, limited supply, and the region's ongoing desirability.

Conclusion

The housing market in South East Queensland presents a wide array of options for buyers, investors, and renters alike. Spanning from the upscale areas of Noosa and New Farm to the more affordable and developing suburbs such as Caboolture and Logan, the region accommodates a variety of lifestyles and financial plans. Despite ongoing challenges related to affordability and supply limitations, the future prospects for this area appear promising.

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Published by

Nick Karayanis B.Eng. UNSW (Civil)

Licensed Contractor NSW (Building)

Disclaimer:

The content of this blog is for informational and educational purposes only and should not be considered professional financial, legal, or real estate advice. Every real estate transaction and renovation project is unique, and you should consult with qualified professionals, such as real estate agents, contractors, and legal advisors, to address your specific needs and circumstances. The information provided here is based on personal experiences and research and may not reflect current market conditions or regulations in your area. Readers assume all responsibility for decisions made based on the content of this blog.