Exclusive house and unit data from realestate.com.au revealed nine out of 10 suburbs across the state fell in value in the September quarter. Queensland homeowners have watched up to $244,000 vanish from their property values in just three months, with nine out of 10 suburbs plummeting since controversial tax changes came into effect. Exclusive house and unit data from realestate.com.au has revealed just two suburbs in Greater Brisbane have escaped the downturn – blue-chip Ascot, and Coochiemudlo Island in Moreton Bay. Nine out of 10 suburbs across Queensland fell in value in the September quarter. Picture: NewsWire/ Glenn Campbell Ray White economist Atom Go Tian. The first in-depth quarterly breakdown since changes to capital gains tax and negative gearing were announced has revealed widespread declines throughout the state and experts warn they show a clear downward trend after years of runaway property growth. “The impact on prices can be connected to the budget,” Ray White economist Atom Go Tian said. “The main target of the budget was investors and they have definitely pulled back but the unattended consequence we are seeing is first home buyers and owner occupiers also pulli...
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