Qld suburbs where house prices could double by 2036 – and the warning for buyers

18 hours ago 5

House prices in seven Queensland suburbs could more than double by 2036, potentially delivering homeowners windfalls of more than $850,000 over the next decade. Exclusive new data from realestate.com.au reveals homes in some of southeast Queensland’s most affordable suburbs could soar past $1.6 million in just 10 years, while unit owners in some areas could pocket gains of almost $900,000. This story is part of The Courier-Mail’s annual Future Brisbane series that advocates for a better city and region. Read all the stories in the series here This house at 14 Pamela Cres, Woodridge, is on the market for offers over $799,000. The eye-watering projections come despite Brisbane home prices falling 3.9 per cent from their March peak, according to PropTrack, with further falls expected before the market recovers. And it is not the traditionally wealthy blue-chip suburbs leading the charge, but working-class pockets of Logan and Ipswich, where house values are projected to surge by more than 100 per cent over the next decade. Woodridge tops the list, with its median house value forecast to jump almost 110 per cent from $781,000 to $1.64 million by 2036 — a staggering increase of more tha...

Read Entire Article