Top Performers of 2020

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In a year that defied all expectations from industry experts, the Queensland property market stood strong in the face of a global pandemic. All signs pointed towards a property market crash in 2020, but this never happened.

Eliza Owen, CoreLogic’s Head of Research Australia, says “housing values have been supported by a strong mix of regulatory, monetary and fiscal measures, which have induced record-low mortgage rates, the deferment of mortgage repayment for households impacted by COVID-19, support for low- income households, as well as grants and concession for owner-occupier purchases”.

According to the most recent Queensland Market Monitor, average property values are rising steadily throughout the state as the annual median sale price for houses and units grew by 1 per cent and 1.3 per cent respectively by the end of September 2020.

With this in mind, there has been some stand out performers of 2020 that have greatly exceeded the state average and point towards a positive 2021.

TOP PERFORMING SUBURBS

Teneriffe finished the year with the highest median value for houses with an average sale price of $1,859,323, while Noosa Heads had the highest median value for units at $892,838. Both of these suburbs have continued to lead the state as Queensland’s most luxury markets.  

Blackall and Laguana Quays were the most affordable locations in Queensland for house and unit prices respectively with median sale prices of $87,790 and $76,123.  

Chief Executive Officer of The REIQ, Antonia Mercorella, says “2020 highlighted that the Queensland property market offers buying opportunities for a variety of budgets ranging from affordable housing in Blackall and Laguana Quays through to the prestige markets of Noosa and Teneriffe.” 

In terms of the greatest annual change in value, the coastal regions are proving their worth with Sunshine Beach increasing by 27.6 per cent for houses and  Currumbin  increasing by 24.9 per cent for units.  

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“The allure of coastal Queensland grew to new heights in 2020 with many opting for the unique lifestyle that our coastal regions provide,” says Mercorella 

“The pandemic provided many Queenslanders and interstate buyers with the catalyst to make the move.”  

Regional Queensland had a very successful year for rental property owners as both the highest rental growth and rental yields were in these areas. Gladstone had the greatest annual growth in rent, with West Gladstone growing by 17.4 per cent for houses and South Gladstone growing by 15.3 per cent for units.  

The greatest growth for rental yields for houses was in Collinsville at 14.6 per cent, and the highest for units occurred in Woree at 11.4 per cent. These yields are just a sign of what is to come for property owners, as the entire state has been predicted to experience the largest rental market boom in history.  

“It is great to see our regional property markets demonstrating their strength and bouncing back after many tough setbacks,” says Mercorella.  

“The affordability of these regional areas and the new-found propensity for working from home makes these regions in Queensland very attractive to prospective buyers.”  

All data provided by CoreLogic’s2020 Best of the Best Report

OUTLOOK FOR 2021

As we enter the new year, there are some expected trends that are set to maintain the strength of the market in Queensland. 

“Record-low mortgage rates will likely be a significant tailwind for property values, and may place upward pressure on prices,” says Owen.  

“Combined with recovery in economic, some earlier factors considered a major risk to housing markets have been reduced, including the end of mortgage payment deferrals. 

According to Owen and the most recent Queensland Market Monitor, the overall outlook for 2021 is positive and the year is tipped for more strong growth.  

 

Here’s what others have to say

Very impressed with the trainers that I have had for the past 3 days. Each individual trainer was very helpful and made sure that everyone in the class understood everything before we progressed through the modules.
Shannon Goldsworthy
Shannon Goldsworthy
04:34 23 Oct 19
I found the REIQ Real Estate Licence Online Training Course was very good, easy to access, with brilliant course materials to read and assignments that really checked on your understanding of the details of every aspect of real estate practise. I enjoyed the course even though it took a few months due to working full time and found the support of the trainers and assessors very helpful and encouraging. Thanks REIQ Training team for helping me through!
Lindy Lear
Lindy Lear
10:47 18 Oct 20
I cannot recommend REIQ enough. The training, environment & staff were beyond my expectations. A special mention for Rachael who is a trainer at REIQ. Rachael knows her stuff. Her knowledge of the industry and style of delivery helped me get across the line and score my dream job.
Paul Conway
Paul Conway
05:11 15 Jan 20
Had Melissa Sullivan conducting the sales registration course for the past two days I have to say I think this woman is inspiring she kept the class focused and engaged throughout the two days. I dont normally complete surveys but felt that I wanted to share that this lady has inspired me to give sales ago and I never thought i would say that as i have been a PM and honestly never thought I could see myself as a sales agent... Thanks Mel for such a great two days
Karen Riddell
Karen Riddell
07:04 03 Aug 17
Jodie was an amazing help throughout the training. We had a few technical issues and I knew that I could call and get it sorted alongside her. She was always supportive and no task was ever a bother for her. Thanks again Jodie !!
Kirsty Bohn
Kirsty Bohn
04:40 30 Jun 21
Adam Milton
Adam Milton
01:52 22 Nov 17
I contacted REIQ, as I wanted to upgrade my real estate licence to a full licence. I have now completed the necessary upgrade and I just wanted to thank all the staff and trainers who were my guides during this time. Particular mention to Rachael Wilschefski who did everything she could to help me and was a joy to talk to, Trudi Fleet was a fantastic support to me and a big thank you to the assessing team. If anyone is considering using REIQ to get their licence or upgrade, I highly recommend using REIQ. Once again, thank you. Helen Knight
Helen Knight
Helen Knight
00:31 05 Mar 21
Good course. Materials and tools given to finish the course easily. Was no problem to finish. Support is there if needed it.
Jade Dodds
Jade Dodds
09:11 09 Oct 20
Gerry MacKenzie
Gerry MacKenzie
06:53 12 Oct 20
I wasnt sure that I would get through the Agents and Licence course with everything I had on, made an attempt a year ago with another provider that went totally pear shaped but the REIQ course is structured in a way that made sense. While all of their trainers are experts in their field, they offer onsite student support on Tuesdays with Rachel providing the right advice and reassurance to get you there, even if you havent studied for a while. If you've ever wanted a career in Real Estate this is where you get started!
Lynette Nitson
Lynette Nitson
01:48 13 Jan 20
Recently I completed the Real Estate Licensing course at REIQ and was blown away by the help and support provided by Ms. Connie McKee who is a trainer at REIQ. Connie is very professional and has years of knowledge and work experience in the Real Estate Industry.I am glad I chose REIQ as my pathway into the Real Estate Industry.
Kaizan Irani
Kaizan Irani
00:23 30 May 19
Great friendly environment
David Priest
David Priest
22:47 19 Nov 19
Welcoming and friendly staff, always available to support their members. The Property Management Support Team is particularly helpful. Well worth the subscription fees just to have access to advice from these experienced practitioners.
Laura Valenti
Laura Valenti
21:29 16 Jun 18
Jason Bond
Jason Bond
10:29 19 Jun 18
Katie Cotton
Katie Cotton
10:04 31 Oct 17
Liam Hanlon
Liam Hanlon
12:06 05 Sep 17
Great training course was very informative. I feel I gained lots of knowledge and there is a lot of support from the REIQ team online, via phone and in person and am looking forward to starting my career in the real estate industry!
Laura Stills
Laura Stills
08:14 22 Oct 20
Proud to be a member of such a prestigious organisation. Thank You for the support 🏡
Jamie Smith
Jamie Smith
07:28 07 Mar 18
Just done two days interactive training with Melissa Sullivan. Sensational! Such a great presenter and electric delivery of material. Quick paced and hands-on!Very glad to have been in this class!!! Awesome
Miles Griffiths
Miles Griffiths
07:01 26 Jun 18
Recently completed my Licence course and thoroughly enjoyed the in-class tutorials taught by highly professional trainers with many years of industry experiences. The student support that is available every Tuesday is an extremely helpful resource, again with very experienced trainers to ensure you get the right advice the first time. REIQ has really structured the entire full Licence course end to end thoughtfully, especially when you’re new to this industry. Highly recommended!
Julian Phua
Julian Phua
07:01 02 Oct 19
Helpful staff. Useful networking events and training videos.
Eagle Real Estate
Eagle Real Estate
02:27 25 Jul 18
I would like to share with you our experience that we have recently had through the REIQ Professional Development Team.We have had an awesome start to 2020 thanks to the great service provided by the REIQ Professional Development Team. Congratulations to Liz who started and finished her Certificate of Registration Course with the REIQ in December 2019. She loved the training, particularly the fact the trainers are experienced and still walk the talk and are active in real estate. Fast turnaround for marking of the assessments with help on hand by way of tutoring if needed meant she could get the Application to Office of Fair Trading for her registration happening quickly. We are thrilled, from start to finish with the course and application to Fair Trading she had her Certificate of Registration within 5 weeks. Really impressed with the training, help and support team REIQ gave Liz and the quick processing time by the Office of Fair Trading.We also regularly use the Property Management Support Service and General Agency Advice Service and believe it offers great value for our membership. The PMSS team provide practical advice by practising property management professionals who can relate to the everyday challenges property managers face.Keep up the good work Team REIQ,
RE/MAX Ignite
RE/MAX Ignite
05:56 21 Jan 20
Haydn Denovan
Haydn Denovan
02:51 20 Mar 18
In February I decided to take steps to buy management rights to a unit complex. As I have not studied for some time I chose REIQ to do my RLA course. Initially I didn’t engage the help through student support but it came to a point I needed some assistance. Selina Randall and Connie McKee were wonderful help. I personally feel they went over and beyond to help me complete the course and enable me to follow through with final settlement of the new business in just a few weeks Thank you so very much ladies. You were both amazing
Irmy Thomas
Irmy Thomas
06:35 18 Jun 21
Great staff that are always helpful.
Kensington Ràpoza
Kensington Ràpoza
11:20 28 Dec 19
Jacqui McKeering
Jacqui McKeering
02:01 08 Mar 18
Michelle Wright
Michelle Wright
04:07 26 Feb 18
Blake Richard
Blake Richard
01:34 05 Mar 18
Tina Nenadic
Tina Nenadic
12:57 02 Mar 18

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