Severe rainfall and flooding in south-east Queensland have tested the property market, yet investor confidence remains high. Interstate and global buyers continue to fuel demand.
Homes in flood-affected suburbs may face short-term setbacks, but historical trends reveal strong recovery and growth. Median prices in some suburbs more than doubled in the decade following the 2011 floods.
Graceville and St Lucia saw small price drops immediately after the 2011 floods, only to increase over 100% by 2021. West End posted a 7.5% rise the year after flooding, surpassing Brisbane’s average annual growth.
Dr Nicola Powell of Domain explains that temporary losses may occur, but land value and strong market demand ensure prices remain resilient.
Dr Diaswati Mardiasmo of PRD highlights that even the most flood-impacted areas have experienced sustained property growth, bolstered by the city’s robust housing demand and future developments like the 2032 Olympics.
(Source SMH) (worth sharing)