ON THE back of an impressive year in the Jimboomba property market, one real estate agent expects there will be more prospective buyers than properties for sale in 2018.
Jimboomba Professionals principal Heidi Taylor said she was optimistic about the prospects for growth in Jimboomba and surrounding areas.
“At the moment there is a shortage of housing and acreage blocks and we can’t get enough,” she said.
“I feel that trend will probably continue with the market staying the same, there has been a slight increase in prices in some areas.”
This comes of the back of the Real Estate Institute of Queensland releasing a report breaking down real estate growth across south-east Queensland.
The report shows 2.1 per cent growth in Logan to September with a median house price of $385,000.
According to realestate.com.au, 192 properties sold in Jimboomba in 2017 with the most expensive property selling for $850,000 and the cheapest at $290,000.
The 2017 median house price was $470,500 with annual growth solid at 2.8 per cent.
REIQ indicated access to good sized blocks and family friendly facilities makes the market an attractive choice for first home buyers.
Ms Taylor said while Jimboomba and surrounding areas were drawing in more first home buyers with affordable residential blocks, most of the demand was for larger acreages.
“Most people want that family lifestyle in areas like Cedar Vale and Cedar Grove,” she said.
“From what I see, when young people start off they look for a residential block so they can get their first home buyers grant and once they start a family they look for more lifestyle blocks.”
Ms Taylor pointed to Flagstone as a suburb to watch over 2018.
“I see Flagstone going ahead in leaps and bounds in 2018,” she said.
“There are a lot of new home buyers in that area with the first home owners grant available to them and the younger generation feel they can afford a property there.”
