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Kallangur Has Boomed As A Property Hot Spot
Just as we predicted, the Kallangur property market underwent a massive boom in 2021. Throughout the year we saw the growth in value of both houses and units. It became a true property hotspot.
Read on to find out what the futre holds for the Kallangur property market…
We predicted that Kallangur was set to boom and it did. This was especially true of housing prices which surged 18.75% from October 2020 to September of 2021.
So how did we know that Kallangur was set to boom as a property hot spot? And how do we know what will come next?
A red hot market
Property prices across Australia’s capital cities increased by 22% in 2021.
Kallangur was once an undiscovered gem, with affordable prices, a prime location, and safe streets. While other Moreton Bay area properties have risen into the $900k range for 3 bedroom homes, in Kallangur these were on offer for these for $670k to $700k.
However, prices won’t stay this good forever, and more people are snatching up Kallangur homes and units every day.
While prices in Kallangur have not yet risen to the heights of other suburbs, they are approaching the QLD average. Act fast and buy a property now in Kallangur.
Proximity to new university campus
When we first published our prediction back in 2019, the USC campus was still a year away.
Now the campus is operating and growing. By 2030, it is expected to be the same size as the flagship USC Sunshine Coast campus, with 10,000 enrolled students and 100+ degrees on offer.
There are already plans to expand the campus with new facilities. This new university promises to bring residence and further investment into the Kallangur area.
As investment and population sizes grow, so too does the price of housing in a suburb.
Proximity to services, transport and entertainment
The proximity of Kallangur to other essential services also makes it an attractive prospect for new investors and owner-occupiers.
The presence of so many services makes Kallangur a property hot spot. There will be even more growth and investment in the years to come.
Coronavirus, interstate migration and the future
Coronavirus has also impacted Queensland’s property market. When we told you Kallangur was set to boom, no one could’ve predicted the influence of a global pandemic.
And yet, Kallangur had all the infrastructure to encourage new buyers.
With many states ravaged by COVID-19, Queensland’s strong health response left us in a far stronger position than other states.
This has caused people in southern states, like Victoria and NSW, to purchase interstate in the hopes of moving to Queensland.
Kallangur has seen interest from out-of-state buyers also, and the property market has boomed as a result. While property prices naturally are expected to stabilise, the growth in the QLD property market is set to continue over the long term. This is because the 2032 Olympics in Brisbane is expected to produce substantial economic and property market growth in the city and surrounding suburbs
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