Relocating to Queensland? Get in line, Sunshine state builders record four-fold rise in new home enquiries
A building company says the level of inquiry for new homes in south-east Queensland is “phenomenal,” with a mass domestic migration apparently underway to the Sunshine State.
Key points:
Builders say relocation companies have experienced a 400 per cent increase in demand for quotes from Sydney and Melbourne residents
One major builder says new home sales are up 80 percent in south east Queensland
Access to tradespeople could come under pressure amidst building boom
Metricon Queensland general manager Luke Fryer said new homes sales were up 80 per cent and the level of enquiry in local property had been extraordinary.
“The major relocation companies are quoting 400 per cent increases in quotes to people who are wanting pricing to relocate from Sydney and Melbourne up to the Gold Coast and Greater Brisbane,” Mr Fryer said.
Interstate migration and government stimulus measures have helped boost new homes sales and building approvals across south-east Queensland, he said.
“We are seeing a significant increase in domestic migration.
“The level of enquiry and level of people committing to building a new home on the Gold Coast and south-east Queensland has really been phenomenal.”
“It’s been an extraordinarily positive result and response from Australians who do have certainty around their employment.”
While trades and product supply pressures were currently manageable, Mr Fryer said they could become an issue later this year when more building approvals will be processed.
“Certainly trades will come under pressure in 2021, because there’s only so many plumbers, so many brickies, so many electricians to go around at the moment.”
‘Absolutely the biggest boom’
Darryl Meehan director of Q Coast Homes said demand for renovations was unprecedented and unlike anything he had experienced in over 40 years.
“The renovation sector is doing even better than the new home market, especially on the Gold Coast,” Mr Meehan said.
