Time to Buy in SEQ | Under $800k

Southeast Queensland Property Market Outlook

If you are looking for an investment property or your new home, now is the time to move into the active SEQ market. The longer you 'look' the more it will cost to enter this growth cycle.

Key Factors

- SEQ is the strongest capital city market with continued price growth expected in 2024 and 2025.

- Brisbane median prices are up 14% v 2023 and regional Qld is up 11.4%. Price growth in SEQ is over 2 times more than the Australian capital city average.

- Housing demand from rising interstate and overseas migration into SEQ is at record levels. Each week almost 2,500 people are moving to Queensland with around 2,000 of these moving into SEQ.

- The GAP between housing demand and housing supply is getting wider with a 1.3% increase in housing approvals compared to a 2.9% population increase.

- SEQ requires 34,000 new housing lots p.a to meet new housing demand. Current supply rates of 18,000 lots p.a. fall well short of what the market needs and there is no fast fix.

The fundamentals of economics - supply and demand - are at play in the SEQ property market. More and more people are choosing to live in the region (more demand) and the development of new homes and new land is falling (less supply). Over and above the market imbalance, factor in the 2034 SEQ Olympic Games and any easing of interest rates and market demand will be further stimulated.

Meridien Invest Outlook

Current market conditions are very similar to 2022 with land supply tightening, land prices increasing, and more competition for every land release. These conditions saw land prices rise with every release creating new entry price points every quarter. Our clients that invested in 2021-22 have all realised price growth of $150,000 to $200,000 which is well above their expectations and has boosted their financial foundations considerably.

Clients investing in SEQ now are moving into a favourable market that could be further fuelled by an interest rate cut early in 2025. Build times for new homes are now around 20 weeks which is a big improvement on 2021-22.

Now is the time to be investing. Don't wait for the prices to reach the next level.

Investors

Investors looking for a combination of attractive yields and growth will find smart opportunities in Southeast Queensland.

- Vacancy rates are at record lows with many areas around 1% or even less

- Rental yields are up

- Quality tenants are waiting for appealing homes and have longer tenure

- Land and build prices are rising as is the overall market

Any drop in interest rates is going to increase price growth and improve net investment returns.

Get in touch and learn more about investing in Southeast Queensland.

Owner Occupiers

The combination of higher rents and home buyer incentives is attracting more owner-occupier buyers into the SEQ market.

Home buyers are competing with investors for established properties and are looking for new homes for a more affordable entry point.

First Home Buyer Grants of up to $30,000 plus stamp duty savings make homeownership more accessible.

Get in touch and learn more about buying your new SEQ home.

Invest in Morayfield

Morayfield is a growth focus area in the Moreton Bay Region which is one of Australia’s fastest-growing areas.

It is estimated that Moreton Region will need almost 100 new homes a week to meet the demand of an extra 300,000 new residents by 2046.

Market Data

- Median house prices are up 23% in 2 years

- Price growth trend continues with over 4% growth in the last quarter

- Vacancy rates are around 2%

- Rental yields are up 14% over the past 12 months

Investment Options

House and land from $999,999 for 4.2.2 homes with full turnkey inclusions and rental of $999 per week.

Higher yield dua-occupancy homes are available from $999,999 with yields over XX% and $9999 per week rent.

How to Get Started

The Meridien Invest Team has access to leading projects and builders across Southeast Queensland. Our connections enable us to match up what you need with a property that matches your budget.

- Sourcing house and land packages

- Finance up to 90%

- Project supervision

And more. We are there to support you at every step.

The best place to start is to book an appointment so that we can plan out your SEQ investment program to suit your goals and budget.

Get in touch today and get started. The longer you wait, the more it is going to cost.