Property Development

Buyers are increasing migration rates to southeast Queensland

Buyers are increasing migration rates to southeast Queensland
Written by The ReReport
As seen in the Source link, written by dailytelegraph.com.au on 2019-06-29 10:03:55

Halycon Greens continues to win buyers over.

A surge in southern buyers to southeast Queensland communities is gaining momentum, says developer Halcyon.

Halcyon said 30 per cent of sales in the past year were by interstate buyers, with retirees making up a significant portion of the increasing migration rates.

Halycon Greens is seeing more retirees choosing the sunshine state for both financial and family reasons, lifestyle and climate are the factors that continue to win buyers over.

Dr Bevan Geissmann, Halcyon joint managing director, said the company had reported an noticeable upswing of NSW and Victorian retirees moving to Queensland.

“Queensland has more than three times the interstate migration figures of five years ago, and our state is being buoyed by this growth,” Dr Geissmann said.

He said buyers were looking to maximise their lifestyle and follow families who had already moved to the region.

Dr Geissmann said southeast Queensland was the “Florida of Australia’’, and while retirees were choosing the Sunshine State for both financial and family reasons, lifestyle and climate were the factors that continue to win buyers over.

“Retirees are able to sell their family home down south, and buy in Queensland for up to half the price, pocketing the remainder for their lifestyle needs,’’ he said.

“A lot of buyers are following the ‘Florida Effect’, and are moving simply to enjoy the extraordinary climate away from the hustle and bustle of dense living, but with everything they need at their doorstep. We also have a handful of buyers who are following their children making a career move to Queensland.”

Trish and Peter Addington. Photo: Supplied

Long-time Sydney-siders Peter and Trish Addington are looking forward to their move to Halcyon Greens in Pimpama.

“What we’re selling for down south and buying for up there gives us a nice little buffer in the bank account,” Mr Addington said.

“It puts our minds to rest that we will be able to do the holidays that we want to do.

“Certainly, the weather will benefit us.”

Located in Gainsborough Greens in Pimpama, on a 34ha island parcel surrounded by a golf course, Halcyon Greens will comprise more than 500 homes.