Another great article today from Hotspotting and good news for anyone that lives in or has invested in Queensland.
News from Hotspotting is that Queensland will lead the country for capital Growth over the next two years, with Victoria the lowest.
This is based on information from the NAB Residential Property Index.
Housing market sentiment lifted slightly in the March Quarter as sentiment improved in New South Wales, South Australia and the Northern Territory. Survey respondents expect price growth to be fastest in Qld (3.5%) and NSW (3.3%) and slowest in Victoria (2.2%) and SA/NT (2.2%).
There has been a rise in foreign buying activity for new housing (especially in Queensland), and for established housing (NSW). Foreign buyers now account for one in seven new properties and around one in ten established homes.
Some food for thought.