The Brisbane suburbs where Sydney and Melbourne buyers are still snapping up houses

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The Brisbane suburbs where Sydney and Melbourne buyers are still snapping up houses
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Southerners who moved to Brisbane in the past six to 12 months and rented, were expected to shift the market now by looking to buy.

Sydney and Melbourne buyers are still snapping up property in Brisbane, but some rental properties are expected to free up soon as interstate renters shift the market.

Mercorella said while the push from interstate was a sign of positive growth for Queensland, and could propel the state forward in the lead-up to the Olympic and Paralympics in 2032, there was significant concern over the added demand.

Traditionally, a granny flat has been viewed as part of the original dwelling on the block and could only be rented out by family.Deputy Premier Steven Miles said the move was needed as Queenslanders were still living in their cars. “It’s often the school zone people and a lot of them are CEOs who want to have access to the city,” she said.

But O’Dea said now, some of the thousands of southerners who moved and rented for six to 12 months, would be ready to buy, causing those rental properties to free up.Another factor O’Dea said agents were keeping an eye on was whether Brisbane would provide the community and facilities southern cities, particularly Melbourne, offer.

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