The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Untitled design (8)
FULL PROGRAM RELEASED FOR URBANITY-25 CONNECTING PROPERTY LEADERS ACROSS THE ASIA PACIFIC
FULL PROGRAM RELEASED FOR URBANITY-25 WHERE THE PROPERTY INDUSTRY CONNECTS
VIEW FULL AGENDADETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
8
print
Print
ResidentialTaryn ParisTue 02 Feb 21

Sunshine State Enjoys Positive Outlook on Property

8434f2ed-06a5-4f55-b619-aec5bd839f15

Results from ME’s latest Quarterly Property Sentiment Report show life really is great in the Sunshine State.

Property consumer sentiment has been buoyed by increased property values and higher levels of market activity and Queenslanders have reported the highest levels of positivity in Australia at 56 per cent in metropolitan areas, and 58 per cent in the booming regions.

Investors and owner occupiers nationally are reportedly more positive than the October quarter, with low interest rates and government incentive schemes helping bolster property values and new builds.

Positive sentiment increased by 15 and 17 percentage points, respectively.

Corelogic’s data for January has highlighted the national uptick of home values, up 0.9 per cent over the past month.

Housing values have now surpassed pre-Covid levels by 1 per cent, and the index is 0.7 per cent higher than the previous September 2017 peak.

▲ HomeBuilder stimulus and first-home incentives has fuelled positive property market sentiment.


The quarterly sentiment report also showed a positive outlook for first home buyers with almost three-quarters of respondents confirming stimulus measures, including HomeBuilder and first-home incentives, had made buying or investing more appealing.

ME’s head of home loans and personal banking, Claudio Mazzarella, said the positive sentiment is a reflection of Australia’s resilient property market and strong incentives currently on the table for buyers.

“While there are still many challenges such as unemployment and job insecurity, it’s promising to see how sentiment and market activity have rebounded,” he said.

“We fully expect to see property investors back in full force this year. Sentiment within this group is bouncing back, with low interest rates make investing in property a more attractive option.”

The Federal Treasury estimated the HomeBuilder program was supporting about $18 billion worth of residential construction projects, with high take-up rates in Victoria, Queensland and New South Wales.

ResidentialAustraliaReal EstateProject
AUTHOR
Taryn Paris
More articles by this author
ADVERTISEMENT
TOP STORIES
Exclusive

‘Construction Not a Scale Game’: Hutchinson

Phil Bartsch
9 Min
Nation's build-to-rent project Charlie Parker in Sydney's Parramatta where more projects are being located and built outside the CBD.
Exclusive

Foreign Capital Still Dominates BtR but Things are Changing

Marisa Wikramanayake
7 Min
Exclusive

Fortis Reveals Plans for Coveted Bowen Terrace Site

Taryn Paris
4 Min
Exclusive

Accor Deputy Delivers Verdict on Brisbane Games Hotel Shortfall

Phil Bartsch
6 Min
Qld Budget 2025-26 Brisbane City
Exclusive

Billions Promised, Now Deliver: Industry’s Qld Budget Verdict

Vanessa Croll
6 Min
View All >
Sponsored

Rare Coastal Development Opportunity in Heart of Mooloolaba

Partner Content
Exclusive

‘Construction Not a Scale Game’: Hutchinson

Phil Bartsch
A rendering of the three-storey apartment project Arca by Red & Co at Stafford near Brisbane.
Residential

‘Confident’ Red & Co Starts Work on Stafford Apartments

Marisa Wikramanayake
The developer has opted to start building without pre-sales, so sure are they that families in the area will need housin…
LATEST
Development

Rare Coastal Development Opportunity in Heart of Mooloolaba

Partner Content
2 Min
Exclusive

‘Construction Not a Scale Game’: Hutchinson

Phil Bartsch
9 Min
A rendering of the three-storey apartment project Arca by Red & Co at Stafford near Brisbane.
Residential

‘Confident’ Red & Co Starts Work on Stafford Apartments

Marisa Wikramanayake
2 Min
A rendering of the proposed retail, office and accommodation building along Gawler's main street. Source: John Byleveld Architects
Development

SA Developer Taps into Gawler Accommodation Demand

Leon Della Bosca
3 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/qld-positive-outlook-on-property-me-bank