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  • 7 weeks ago
After years of rising property values, regional Queensland is no longer immune to worsening market conditions. But in at least one part of the state, prices are still going up, driven by those in the southeast who are ready for a quieter, more affordable life.

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00:02Dave Somerville is making the most of his tree change.
00:06He lived in the picturesque Sunshine Coast hinterland for years,
00:10but as the population grew, so did his desire to leave.
00:15It was no longer a peaceful, quiet place to live.
00:18It was busy, it was hectic, it was noisy.
00:22When his daughter moved three hours west to Warwick on the Darling Downs for study,
00:26the retiree and his wife Kay sold up and followed suit.
00:31What it enabled us to do was to buy this property here on 13 acres,
00:35which is a lovely property, brick homes, stables, sheds, for half the price.
00:42Local real estate agents say they've seen a spike in inquiries coming from the southeast corner.
00:47Up and down the coastline, Brisbane, sunny coast and northern New South Wales is where they're coming from.
00:54A report from property analyst firm Cotality found house prices fell across regional Queensland over recent months,
01:02except on the Darling Downs, which was up 2%, for a median house price of $600,000.
01:09Despite softening prices, the coastal housing market remains exorbitant compared to the inland region.
01:16And for this former capital city dweller, the move offered something priceless.
01:22I am now only three minutes from work.
01:25I have more time in the day now to do things that I enjoy.
01:30If you're going to use this property, then you can take off the property of the border board,
01:30and I have more time in the day now to do things that I enjoy.
01:31So let's look at the border board,
01:32if you're at the border, and you're after the border.

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