Queensland wins LJ Hooker ‘Real Estate of Origin’

PHOTO: ‘Real Estate of Origin’

Queensland has already been declared the victor in the LJ Hooker ‘Real Estate of Origin’.

Head of Research, Mathew Tiller analysed the property market data from both states to compile the battle for open homes and auctions between QLD and NSW, and found some interesting insights.

Queensland’s property market outperformed New South Wales in key property indicators over the last 12 months, according to LJ Hooker’s annual market match-up.

Queensland owes much of its success to the Gold Coast’s unit market. In a Man-of-the-Match performance, the Gold Coast scored bragging rights for the most apartments sold over the last year (Surfers Paradise, 1224), the highest combined value sold (Surfers Paradise, $623m) and the fastest selling unit market (Currumbin Waters, 18 days).

Sydney’s blue-chip housing market led the New South Wales’ fightback, claiming the title of the most expensive median house price (Bellevue Hill, $8.44m), highest asking rents (Bellevue Hill, $2,350p/w) and highest combined value of homes sold (Mosman, $1.01bn).

Across the spectrum of property indicators, Queensland outscored NSW by 8-6.

“A season is a long time in footy, and a year is a long time in property,” Mr Tiller said.