Queensland property 'hotspots' no longer resisting dip in house prices, new data reveals

 Regions that became pandemic property "hotspots" have led sharp falls in Queensland's housing market in the latest quarter, new data has revealed.

CoreLogic's regional market update reported sharp declines in the price of houses in some of Australia's most popular regional markets in the three months to October.

The Sunshine Coast recorded the highest fall in regional Queensland, down 7.1 per cent, followed by the Gold Coast, where house prices dropped by 6.4 per cent.

CoreLogic's head of research in Australia, Eliza Owens, said house prices across regional Queensland suffered a downturn over the past quarter, declining by 5 per cent overall from a peak in June.

Read More: https://www.abc.net.au/news/2022-11-15/queensland-tourism-spots-regional-housing-market-corelogic/101654108



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