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Garden City – Spring Outlook

By Andrew Carter

Toowoomba is continuing to experience the strongest demand from all buyer sectors in nearly two decades. It’s easy to see why with a robust combination of our nationally acknowledged liveability, genuine value in comparison to capital city and coastal markets, strong investment yields with near zero vacancy rates, and an infrastructure outlook that few regions can rival.

Spring looms, and the question we are most currently asked is how long will this market – which has risen close to 15% since October 1 last year – continue its strong run? Predictions of rapid rises or falls in this city have often proven inaccurate, and on the basis of price growth, which has been moderating during winter from the record pace of early autumn, we expect the road forward to reflect that trend and for increases to continue at a measured pace.

Economic policy designed to stimulate business expansion, and much needed wage growth in concert with never before seen interest rates has this agency feeling that growth will be with us well into 2022. Queensland has been the preferred destination for those Australians who feel a change of scenery is needed, and a recent auction reflected this trend with nine of the fifteen bidders from southern capitals. New listing supply is barely keeping pace with this demand.

Current conditions require a commitment from the agency to complete all the marketing and negotiating work required to ensure our clients can secure the best price for their property and be confident that is the result. We will not stop until this is achieved.

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