As we close the year, it’s a great time to reflect on our property market and Queensland’s real estate market in general. In this final newsletter for 2024, we’ve gathered key insights that show why Queensland continues to be a favourable buying option, from rising property values to national trends shaping the real estate landscape.

Queensland has firmly established itself as Australia’s second-largest property investment market, surpassing Victoria for the first time, and according to recent data from Money.com.au, the Sunshine State recorded 4,593 investor loans in September 2024, nearly 700 more than Victoria. This represents a 19% annual growth in investor activity in Queensland, showcasing its strong appeal as an investment destination.  Queensland now holds 23.4% of Australia’s investor loans, overtaking Victoria, which was historically a top choice for investors.

This growth highlights Queensland’s increasing prominence in the national property market, driven by economic stability, a favourable tax environment, and its lifestyle appeal.  One of the most significant factors expected to influence Queensland’s property market is the 2032 Olympic Games. With an anticipated $8 billion economic injection into the state, the Games are set to have a lasting impact on infrastructure, tourism, and, importantly, property values.

Historically, the Olympic Games have increased property demand in host cities, as seen in locations like London and Sydney. As Brisbane prepares for this global event, we anticipate a positive effect on property prices, particularly in areas earmarked for development and new infrastructure projects.

Nationally, the Australian property market has experienced notable investor activity, with specific trends worth noting:

• Western Australia has seen the highest share of investor growth, with a 43% increase in loan numbers compared to last year, demonstrating continued investor confidence in the region.
• New South Wales has followed with a 20% increase, maintaining its place as one of Australia’s most attractive investment destinations.
• The Northern Territory recorded the highest percentage growth in investor loans, with a 50% jump in loans, reaching 99 loans in September—a significant leap for the territory.

As we head into the new year, the outlook for Queensland’s property market remains positive – realestate.com.au had/has the highest number of views on Boxing Day!. Growing demand, increasing prices, and major events like the Brisbane Olympics shape future opportunities.

If you’re considering entering the market as a buyer, seller, or investor, now is the ideal time to engage with experienced professionals who can guide you through these exciting changes. At Butler+Co, we are here to help you navigate the ever-evolving real estate market.  Our office will be open during the holiday period.

From our family to yours, we wish you a Merry Christmas and a safe holiday break. We look forward to 2025 and the many opportunities a new year brings.

Amanda Butler – Principal – 0438 767 439 – [email protected]