It’s a similar story across the state’s south-east.
Currently, a $400,000 loan over 30 years at three percent nets a repayment
of $390 a week.
In many suburbs
– including North Lakes, Narangba, Morayfield, Darra, Rocklea, Acacia Ridge, Forest Lake, Ipswich, Ormeau, Pimpama and Upper Coomera, buying a property actually costs less.
The first home-buyer’s
grant, low interest rates and other incentives like reduced stamp duty and the builder’s grant, are helping the region defy the COVID-19-induced property slump.