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Property is back in the news and making headlines again.
Reductions in interest rates and the easing of constraints on lenders imposed by the Australian Prudential Regulation Authority (APRA) will provide some positive impetus for purchaser demand. However, lenders are expected to maintain more conservative lending policies. New dwelling completions peaked in 2018/19, and rental growth has softened in response to high levels of new supply.
It's been a tumultuous decade in Queensland from a property standpoint as a number of factors combined to bring property price growth to a halt.