ANZ reports housing shortages of 25,000 homes in QLD and increased Foreign Investment.
The effects of the GFC on the QLD Property Market was more damaging than in Sydney and Melbourne. The withdrawal of several lending institutions focused on the development market along with strong restraints on development lending criteria, and negative attitudes from banks in regards to valuations where prominent throughout Brisbane and more so regional QLD. This caused increased demand on rental properties, increasing yields and more recently median prices have started to follow. There is no doubt SEQ is due for a strong period of growth with a strong economy, jobs growth and many infrastructure and construction projects now under way and approved.