Plain text version:
It’s mate against mate, state against state!
With the 2017 State of Origin started, we thought now would be the perfect time to throw Queensland and New South Wales head to head in a property battle.
Median house price in Brisbane is $490,00.
Median house price in Sydney is $872,000.
So NSW surges ahead in the first test. QLD 0 – NSW 1.
QLD has reported relatively strong first home buyer activity with 10.8% of all housing finance commitments being first home buyers.
NSW has the lowest percentage of first home buyer activity with first home buyers accounting for just 3.4% of all housing finance commitments.
A tight competition but a clear winner for round 2: QLD 1 – NSW 1.
Rental yields in QLD have remained strong, sitting at 4.0% for houses and 5.3% for units.
NSW rental yields are below the national average, with houses at 2.8% and units at 3.9%.
It’s looking like its neck and neck at the moment. Each state is growing at a competitive rate and has obvious strengths. However, Sydney housing affordability has continued to deteriorate over the past 12 months and owner-occupier demand is still slow. Meanwhile, in Brisbane, housing affordability remains strong and rental yields are well above the national average.
WINNER – QUEENSLAND!
Sorry, we couldn’t turn against our home state.