Torrential rains across south-east Queensland have shown the property market’s durability, with ongoing interest from interstate and international buyers.
Even homes in areas affected by repeated flooding tend to regain value over time. Data from 2011–2021 shows that medians in some suburbs doubled despite short-term losses.
For example, Graceville and St Lucia experienced minor declines immediately post-flood but increased by over 100% by 2021. West End recorded a 7.5% price rise in the year following the floods, far exceeding city-wide growth.
Domain’s Dr Nicola Powell notes that while property prices may dip temporarily, strong demand and land value maintain long-term stability.
PRD economist Dr Diaswati Mardiasmo adds that the historical record shows consistent property growth even in flood-prone suburbs, with the upcoming 2032 Olympics set to boost market confidence further.
(Source SMH) (worth sharing)