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Buyer confidence amplified in Queensland

| Colin Lee

Even with inflation and rising interest rates, property prices across Queensland have soared by 9.1%, according to Inspire Realty founder and CEO, Colin Lee.

“The housing market in Brisbane shines, outpacing the unity market, and nearly half of this year’s growth transpired in the last three months,” said Lee.

Lee said that a pause in interest rate hikes, which has coincided with the growth in Brisbane, might have amplified buyer confidence.

“During the September quarter, Brisbane experienced a remarkable property price growth rate of 3.9%,” he said.

“With HVI indicated a continuation of this trajectory, there’s little to suggest any slowdown in house prices.”

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