The Sunshine State is running hot. Despite a challenging year in 2020, the commercial Real Estate market is thriving with a surge in interstate migration and investment, Queensland has come out on top.
The latest statistics review that Queensland is the highest performer out of all states for interstate migration, gaining over 7200 people in the last quarter with the vast majority of people coming from Sydney and moving to Brisbane.
With strong interstate migration comes growth, rising land rates, rental rates and lower vacancies. The key three driving factors are:
- Queensland’s lifestyle and affordability
- Queensland’s internationally recognized and successful pandemic response and lastly,
- Queensland’s strong business resilience.
Dealing with businesses every day that are moving or relocating gives Dugan & Co Property incredible insights and optics. If you’d like to know more about the suburbs and precincts which are benefiting most from the interstate migration, give Paul or one of our friendly agents a call today.