Chinese property buyers are gone! - MacroBusiness macrobusiness.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from macrobusiness.com.au Daily Mail and Mail on Sunday newspapers.
As buyers continue to move out of the metropolitan markets, regions including the Lockyer Valley continue to see strong sales growth in house and land prices.
The last six months of 2020 saw âreally positive resultsâ for the region, according to Allison Graham, Business Director and Sales Consultant at Gatton Real Estate.
Ms Graham told the
Gatton Star she predicted a âcontinuationâ of those strong sales markets in 2021, strengthened by city buyers flocking to the region.
âMy prediction is that the regional housing market may outperform the metropolitan housing market (percentage wise) this year,â Ms Graham said.
She said the median house price is expected to rise by at least five per cent in 2021, unless strong COVID restrictions get reimplemented.