Sector if it's still up up & away in South Queensland, with property prices still increasing $1500 to $2000 per week in high growth suburbs.
O & lets not mention the rising rent returns, with still very little end in sight.
Meanwhile dozens of building firms going bust due to the high costs of labor & materials & whats making the current & long term situation worse is the huge shortage of young men & woman either not interested, or just too damn lazy to enter the building trade, with the outcome being that even if Governments call for a fast track increase in building of new homes, there simply is not the workforce or materials to enact the plan.
For the record. Many thousands of Brisbane flood victims are still awaiting repairs to their homes from February, & within the next few Months the rain & potential storms will be returning to all those river & creek frontage properties as groundhog day repeats itself over & over.
Will increasing Interest rates eventually have an impact on Brisbane property prices ???
Well with the above housing scenario not at this stage.
