There’s something about the sunshine state that makes it a perennial favourite for empty-nesters.
Sun, sea and surf is every Australian’s favourite combo, and Queensland delivers it in spades. So it’s not surprising that downsizing to Queensland features high on the plans of many empty-nesters.
These days, Queensland offers more than just great beaches and a laidback lifestyle. The state is once again attracting considerable interstate migration, and that’s helping to support the economy, and the property market.
High growth in downsizer hot spots
According to the Real Estate Institute of Queensland (REIQ), the state’s housing market has proven resilient to the headwinds that have slowed the Sydney and Melbourne markets.
The last quarter delivered strong growth in many Queensland markets including Greater Brisbane, where values grew by 2.3%.
But it is the Sunshine Coast that has stormed home, achieving 6.3% growth in median house prices last year. Individual suburbs have seen outstanding price gains over the last 12 months including Coes Creek (10.6%), Pacific Paradise (8.2%) and Sippy Downs (14.6%).
These gains are testimony to the lifestyle the Sunshine Coast offers as well as the range of world class facilities including the new Sunshine Coast University Hospital.
As the REIQ notes, Queensland offers undeniable affordability coupled with a fantastic climate, and this is driving population growth.
Anecdotal evidence suggests that property buyers are heading to Queensland lured by the greater bang-for-buck proposition. Quite simply, your downsizing dollar goes further in Queensland.
Check out the listings Downsizing.com.au has for Queensland including the ever-popular Maroochydore area. Your dream downsizer home could be among them.
Greg Oddy is Director of Sales and Marketing at Downsizing.com.au