Is QLD the big winner from the US election and the changing Chinese economy?

As China’s economy loses momentum, high-net-worth buyers have reset their focus on alternative markets, including south-east Queensland’s, in their search for investment opportunities. Since January, we’ve seen a significant steady increase of Chinese buyers and it’s having a ripple effect across the wider market here.

While the majority of our successful bidders, competing in the Brisbane prestige property market, remain locals who understand the nuances of each suburb, they are being pushed now by a strong contingent of international buyers from both China and South-East Asia. Hence the ongoing reporting of premium prices for our blue-chip real estate.

This demand from outside of our traditional pool of buyers may be on the verge of increasing further, as consumer confidence grows following the 2024 US presidential election. What we do know is that when the American economy has confidence, the global market tends to perform well. This in turn leads to strong property prices, in Australia.

Enjoy your weekend

Matt Lancashire