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PRD  →  Research Hub  →  Q2 2017 Key Market Indicators – Queensland

Q2 2017 Key Market Indicators – Queensland

The PRD Q2 2017 Key Economic Indicators provide consumers with a quick snapshot of the current state of affairs from an economic and property perspective. The PRD Key Economic Indicators cover both national and state level data.

Q2 2017 Key Market Indicators – Queensland

The PRD Q2 2017 Key Economic Indicators provide consumers with a quick snapshot of the current state of affairs from an economic and property perspective. The PRD Key Economic Indicators cover both national and state level data, comprising of:

·         Number of loans to first home buyers

·         Home loan affordability index

·         Number of dwelling approvals

·         Consumer sentiment index

·         Standard variable loan

·         Consumer price inflation index

·         Unemployment rate

·         Weekly family income

·         Nett migration

A key finding for Queensland is in relation to affordability, whereby it is the only state to report an on par/stable trend in home loan affordability over 6 months to December 2016, from 37.6 to 37.3 index points. Not surprisingly, Queensland records the highest increase in the number of loans to first home buyers over the past 6 months, of 9.7% (from 5291 to 5803 loans).

Nett migration to Queensland has increased, currently at 9643 people. Compared to the cooling approach of dwelling approvals, this suggests a potential undersupply in the market, welcome news for astute investors. Unemployment rate has remained stable at 6.3%, with the average weekly family income increasing to $1,636 – indicating further future economic growth.

The above indicators confirms Queensland as a desirable state for affordable residential real estate with a promising future economic growth, good news for both owner occupiers and investors.  

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