PHOTO: Matt Lancashire had a very successful auction event at the Calile Hotel in Fortitude Valley on the weekend, which he says is an indicator of the strength of Brisbane’s market right now. Photo: Tammy Law

Queensland’s property and rental markets are set to soar from one of the biggest southern migrations in history with reports of interstate home hunters and holidaymakers heading north in their droves just days after the state border reopened.

With liveability, affordability and a balmy climate sparking the surge, property punters say the sunshine state and Brisbane, in particular, are on track for a record-breaking summer with holiday vacancy rates plummeting to zero amid a red-hot real estate market fuelled by interstate and ex-pat buyers.

Ray White New Farm principal Matt Lancashire said those hungry interstate home hunters had all but pounced on prestige homes mere hours after the border restrictions ended almost two weeks ago, revealing the strength of a new migration trend he said was only rising.

“I have got a list of 30 or 40 buyers who want to come to Brisbane … and one of the greatest things I have heard is that the first flight out of Melbourne on December 1 was a domestic A380 (to Brisbane) and it was full,” Mr Lancashire said.

“I also had one guy who crossed the border on the first [of December] (he’d been waiting in Byron Bay), and I took him through six properties straight away.

39 Ormuz Road, Yeronga
39 Ormuz Road, Yeronga sold for a record price last weekend, with a Melbourne couple splashing $2.8 million to secure the property. Photo: Ray White New Farm

“COVID has done wonders (for our market) … and we’ve had our biggest year (of sales) yet.

“We sold over $100 million in just half a year alone, and I reckon I’ll get $200 million by the end of the year. I’ve never done that before; my record is $130 million.”