M:
Research
Spring/25 Regional Queensland Residential
The Big Picture Regional Queensland counted 1.8% more people in the past year and was ahead of the long term forecast. The interest rate target has been lowered to 3.60% with the Reserve Bank of Australia anticipating a further reduction in next six months. Compared to a year ago, the construction of new residential homes in Queensland was down 0.8% but building approvals were 15.3% higher.
Residential property sales are trending down, average selling times remain similar, while both new listings to market and overall total listings are tracking below a year ago. Property prices continue on an upward trajectory, with further 6% price growth forecast for 2026. The rental market remains significantly undersupplied, driving vacancy rates lower and keeping rents elevated.