Home > Biz & Finance > Queensland Property & Lifestyle Magazine
Updated on: 25/03/2008 07:39
SUMMER 2007 OUT NOW Brisbane`s east side takes off - on cinema screens back in 1997 Darryl Kerrigan was offered the king`s ransom of $70 000 for his modest home practically in Melbourne Airport`s backyard. If someone told you that 10 years on property just a few streets from an airport would be worth 10 times that your response would probably sound like something Mr Kerrigan would say: `Tell him he`s dreaming!` But it`s true. Property on Brisbane`s industrial east side both commercial and residential is booming like never before. The sleeping giant awakens - how long is eight years in the life of a town? If the town is Hervey Bay then it is plenty long enough for an extraordinary makeover to take place. Eight years ago Hervey Bay still had the same beautiful views and holiday atmosphere but it was much quieter. Indeed when you compare it will the Hervey Bay of 2007 you could say the town was dormant. Seachange: the next wave. The seachange phenomenon has arguably been the most talked about Australian property trend of the past decade but is the hype warranted and more importantly is it here to stay? But rising property prices makes the next wave of seachange places and faces are a little harder to identify. Latest Queensland property sales data - Real Estate Institute of Queensland (REIQ) quarterly data - median price data for houses units and land for nearly every suburb in Queensland; vacancy rates and median weekly rents.



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