Property demand hits record levels with South East Queensland as safe haven

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Property demand hits record level in South East Queensland as experts predict Australian real estate will become safe haven.

Experts believe further spikes in the market in the wake of a Donald Trump Presidency would see a rise in interest in Australian real estate internationally.

There has been a 27.5% surge in Australian property demand over the past year, with Queensland registering a 27.4% rise.

In the past 3 months alone demand for Queensland properties rose 7.3% overall, with both houses and Apartments rising equally.

Having Trump in power is positive for Australia as its made investment attractive for large foreign developers and institutions as well as high net worth private buyers looking to purchase residential property.

Juwai.com chief executive Charles Pittar said Chinese buyers were not expected to be easily spooked by Donald Trump as US President.

“If Trump does something that registers as truly unsettling to the Chinese international property buyer, that’s when we would see a shift of investment to Australia ... most Chinese think Trump is somebody they can work with.”

He said institutional entities and large corporates “may put some big US real estate investments on hold” but the majority of Chinese-Us real estate transactions by volume were individuals and families.