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QLD Real Estate Confidence at Record High

QLD Real Estate Confidence at Record High

“Brisbane has the highest level of homeowners who believe prices will increase this year of the major capitals and regional Australia.”
– Sophie Foster, News Corp Journalist, 07th February 2019

 

A new report has found Queenslanders are the most well off of all Australians, thanks to their homes – with half of homeowners in the capital expecting properties to increase in value this year.

The 15th Household Financial Comfort Report, released by ME Bank today (Thursday), found every second homeowner in the capital Brisbane (50 per cent) expected to see their property increase in value this year.

It was the highest level of confidence in increased prices across five major capitals and regional Australia, and way above the national average (39 per cent).

ME Bank consulting economist Jeff Oughton said the state had hit record comfort levels of 5.68 — “highest it’s been for Queensland” — and a big part of that spike had come off greater positivity across SEQ, the Gold Coast and Sunshine Coast especially.

QLD real estate confidence at record high

Overall financial comfort across different states and territories. Scores out of 10. Source: ME Bank

 

 

 

 

 

 

 

 

 

 

Author: Sophie Foster, News Corp journalist
Source: https://www.realestate.com.au/news/qld-real-estate-confidence-at-record-high/