Custodian managing director James Fitzgerald named 11 Queensland suburbs, among them Ripley, Burpengary East and Coomera, where he expected land values to double by the 2031 Brisbane Olympics, with median land prices between $275,000 and $520,000. PIPA chair Nicola McDougall said investor loan commitments had fallen more than 27 per cent since rates began rising, which would keep vacancies low and rents climbing.
Reported by
Elizabeth Tilley, The Daily Telegraph, 11 November 2023
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