{"id":42284,"date":"2023-02-15T13:27:08","date_gmt":"2023-02-15T00:27:08","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=42284"},"modified":"2023-02-15T13:27:08","modified_gmt":"2023-02-15T00:27:08","slug":"sunshine-state-still-the-busiest-sales-market-in-the-country","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/sunshine-state-still-the-busiest-sales-market-in-the-country\/","title":{"rendered":"Sunshine state still the busiest sales market in the country"},"content":{"rendered":"<p><strong>PHOTO: Queensland is the seachange of choice IMAGE Unsplash<\/strong><\/p>\n<ul class=\"list--hightlighted\">\n<li>PEXA reports QLD completed 194,849 sale settlements in 2022.<\/li>\n<li>In NSW sales declined 18.1% to 177,555 sale settlements.<\/li>\n<li>Queensland has been the busiest housing market since 2021.<\/li>\n<\/ul>\n<p><strong>Despite rising interest rates and property prices starting to ease, <a href=\"https:\/\/propertynoise.co.nz\/au\/?s=Queensland&amp;submit=Search\">Queensland<\/a> still continues to attract buyer interest and ended 2022 with the highest sales volume of any state.<\/strong><\/p>\n<div class=\"entry-featured-img-wrap\"><a class=\"entry-featured-img-link\" href=\"https:\/\/propertynoise.co.nz\/au\/queenslands-top-10-streets\/\"><img fetchpriority=\"high\" decoding=\"async\" class=\"attachment-hoot-medium-thumb  entry-content-featured-img entry-grid-featured-img wp-post-image lazyloaded\" src=\"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2015\/12\/noosa.jpg\" sizes=\"(max-width: 460px) 100vw, 460px\" srcset=\"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2015\/12\/noosa.jpg 750w, https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2015\/12\/noosa-300x168.jpg 300w\" alt=\"\" width=\"460\" height=\"258\" data-srcset=\"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2015\/12\/noosa.jpg 750w, https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2015\/12\/noosa-300x168.jpg 300w\" data-src=\"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2015\/12\/noosa.jpg\" data-sizes=\"(max-width: 460px) 100vw, 460px\" \/><\/a><\/div>\n<div class=\"entry-grid-content\">\n<header class=\"entry-header\">\n<h2 class=\"entry-title\"><a href=\"https:\/\/propertynoise.co.nz\/au\/queenslands-top-10-streets\/\" rel=\"bookmark\">Queensland\u2019s top 10 streets<\/a><\/h2>\n<\/header>\n<\/div>\n<p>According to PEXA\u2019s latest Property Insights report, Queensland reported 194,849 completed sale settlements in 2022.<\/p>\n<p>Volumes in New South Wales were softer during 2022, with sales declining 18.1 per cent over the course of 2022 to 177,555 settlements.<\/p>\n<p>Victoria also saw a fall in transactions to 185,096, while Western Australia (91,051) and South Australia (51,215) saw slightly lower volumes compared to the prior year.<\/p>\n<p>Queensland has been the busiest housing market since 2021 as people fled the harsh lockdowns in Victoria and New South Wales and elected to move to the Sunshine State.<\/p>\n<div class=\"entry-featured-img-wrap\"><a class=\"entry-featured-img-link\" href=\"https:\/\/propertynoise.co.nz\/au\/queenslands-only-female-auctioneer\/\"><img decoding=\"async\" class=\"attachment-hoot-medium-thumb  entry-content-featured-img entry-grid-featured-img wp-post-image lazyloaded\" src=\"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2022\/10\/tara_kelly_headshots_web_-_0001-2-460x270.jpg\" alt=\"Tara Kelly, an auctioneer at Place Estate Agents in Queensland\" width=\"460\" height=\"270\" data-src=\"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2022\/10\/tara_kelly_headshots_web_-_0001-2-460x270.jpg\" \/><\/a><\/div>\n<div class=\"entry-grid-content\">\n<header class=\"entry-header\">\n<h2 class=\"entry-title\"><a href=\"https:\/\/propertynoise.co.nz\/au\/queenslands-only-female-auctioneer\/\" rel=\"bookmark\">Queensland\u2019s only female auctioneer<\/a><\/h2>\n<\/header>\n<\/div>\n<p>Overall, Australia recorded more than 730,000 property sale settlements last year, worth $674.5 billion, however, settlements were down 11.8 per cent compared to 2021.<\/p>\n<h3 id=\"normal-markets-return\">Normal markets return<\/h3>\n<p>PEXA chief economist Julie Toth said the annual decline in sales suggests markets are returning to a more \u201cnormal\u201d level of activity compared to the boom times.<\/p>\n<p>Ms Toth said \u201cSettlement volumes, along with pricing and other key market activity metrics, were driven to temporary highs during and immediately after the pandemic, led by the \u2018Great Relocation\u2019.<\/p>\n<p>\u201cThis market activity was encouraged by record low interest rates and a range of government stimulus programs that boosted demand for more housing,\u201d she said.<\/p>\n<p>Ms Toth said during the pandemic many people separated which also meant more pressure on the housing market and increased sales volumes.<\/p>\n<div class=\"entry-featured-img-wrap\"><a class=\"entry-featured-img-link\" href=\"https:\/\/propertynoise.co.nz\/au\/queensland-home-buyers-think-outside-the-box-to-combat-the-housing-crisis-watch\/\"><img decoding=\"async\" class=\"attachment-hoot-medium-thumb  entry-content-featured-img entry-grid-featured-img wp-post-image lazyloaded\" src=\"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2022\/10\/Tiny-home-1-460x270.jpg\" alt=\"Tiny home\" width=\"460\" height=\"270\" data-src=\"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2022\/10\/Tiny-home-1-460x270.jpg\" \/><\/a><\/div>\n<div class=\"entry-grid-content\">\n<header class=\"entry-header\">\n<h2 class=\"entry-title\"><a href=\"https:\/\/propertynoise.co.nz\/au\/queensland-home-buyers-think-outside-the-box-to-combat-the-housing-crisis-watch\/\" rel=\"bookmark\">Queensland home buyers think outside the box to combat the housing crisis | WATCH<\/a><\/h2>\n<\/header>\n<\/div>\n<p>\u201cAll of these contributed to stronger demand for housing, despite national population growth plunging towards zero,<\/p>\n<p>\u201cLooking ahead, the Australian property market will continue to moderate through 2023, in response to the sharpest tightening of monetary policy in Australian history, as well as other cyclical factors,\u201d she said.<\/p>\n<h3 id=\"immigration-to-boost-sales\">Immigration to boost sales<\/h3>\n<p>Ms Toth said immigration is shaping up as a key driver of sales volumes this year.<\/p>\n<p>\u201cNet migration is returning to Australia for example, but its likely timing and exact composition is not yet clear,\u201d she said.<\/p>\n<p>She said the impending mass return of international university students to Australian cities could provide a sudden and unexpected boost to rental housing demand.<\/p>\n<p>\u201cOn the supply side, the climate-related escalation in weather events could further deplete housing stocks in some locations, delay essential repairs and add to the pipeline of new dwellings waiting to be built\u201d Ms Toth concluded.<\/p>\n<p>READ MORE VIA <a href=\"https:\/\/thepropertytribune.com.au\/news\/queensland-the-busiest-sales-market-in-the-country\/\">THE PROPERTY TRIBUNE<\/a><\/p>\n<h3 class=\"widget-title\"><span class=\"accent-typo\">MOST POPULAR IN NEW ZEALAND<\/span><\/h3>\n<ul class=\"wpp-list\">\n<li><a class=\"wpp-post-title\" href=\"https:\/\/www.propertynoise.co.nz\/do-your-bloody-job-gower-hits-out-at-banks-obscene-profits\/\" target=\"_self\" rel=\"noopener\">\u2018Do your bloody job\u2019: Gower hits out at banks\u2019 \u2018obscene profits\u2019<\/a><\/li>\n<li><a class=\"wpp-post-title\" href=\"https:\/\/www.propertynoise.co.nz\/the-ancient-stone-city-proof-of-nz-civilisation-before-kupe\/\" target=\"_self\" rel=\"noopener\">THE ANCIENT STONE CITY: Proof of NZ civilisation before Kupe<\/a><\/li>\n<li><a class=\"wpp-post-title\" href=\"https:\/\/www.propertynoise.co.nz\/shane-warne-leaves-bulk-of-20-7-million-estate-to-his-children\/\" target=\"_self\" rel=\"noopener\">Shane Warne leaves bulk of $20.7 million estate to his children<\/a><\/li>\n<li><a class=\"wpp-post-title\" href=\"https:\/\/www.propertynoise.co.nz\/claims-about-jacinda-arderns-wealth\/\" target=\"_self\" rel=\"noopener\">Claims about Jacinda Ardern\u2019s wealth<\/a><\/li>\n<li><a class=\"wpp-post-title\" href=\"https:\/\/www.propertynoise.co.nz\/auckland-construction-firm-with-more-than-100-employees-into-liquidation\/\" target=\"_self\" rel=\"noopener\">Auckland construction firm with more than 100 employees into liquidation<\/a><\/li>\n<li><a class=\"wpp-post-title\" href=\"https:\/\/www.propertynoise.co.nz\/palmerston-north-real-estate-company-in-the-firing-line\/\" target=\"_self\" rel=\"noopener\">Palmerston North real estate company in the \u2018firing line\u2019<\/a><\/li>\n<li><a class=\"wpp-post-title\" href=\"https:\/\/www.propertynoise.co.nz\/bayleys-on-growth-path-buys-specialist-residential-real-estate-agency\/\" target=\"_self\" rel=\"noopener\">Bayleys on growth path BUYS specialist residential real estate agency<\/a><\/li>\n<li><a class=\"wpp-post-title\" href=\"https:\/\/www.propertynoise.co.nz\/abandoned-land-for-sale\/\" target=\"_self\" rel=\"noopener\">Abandoned land for sale<\/a><\/li>\n<li><a class=\"wpp-post-title\" href=\"https:\/\/www.propertynoise.co.nz\/the-imminent-end-horror-house-price-plunge-prediction-australia\/\" target=\"_self\" rel=\"noopener\">\u2018THE IMMINENT END\u2019: Horror house price plunge prediction | AUSTRALIA<\/a><\/li>\n<li><a class=\"wpp-post-title\" href=\"https:\/\/www.propertynoise.co.nz\/billionaire-graeme-hart-gets-on-housing-development-bandwagon\/\" target=\"_self\" rel=\"noopener\">Billionaire Graeme Hart gets on housing development bandwagon<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>PHOTO: Queensland is the seachange of choice IMAGE Unsplash PEXA<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/sunshine-state-still-the-busiest-sales-market-in-the-country\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":42285,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098512,478098521,478124613,478124614,478098579,478098575,478120882,478124615,478124617,478098533,478098828,478098509,478100618,478124616],"class_list":["entry","author-data123nz","post-42284","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-australia","tag-australians","tag-busiest-sales-market","tag-property-insights-report","tag-property-market","tag-queensland","tag-queensland-house-sales","tag-queensland-housing-market","tag-queensland-real-estate-sales","tag-real-estate-agent","tag-real-estate-agents","tag-real-estate-news","tag-sunshine-state","tag-sunshine-state-real-estate-sales"],"yoast_head":"<!-- This site is optimized with the 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