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Brisbane's housing market has surged past Melbourne's, hitting record highs with a 64.7% increase since the pandemic began. The city is experiencing a seller's market with limited choices for buyers, driven by strong demand and population growth. Regional Queensland is also seeing remarkable growth, while industry experts project further rises, potentially reaching a $1 million median in the near future.
Changes in interest rates driven by Treasury buyback programs can have significant implications for the real estate market. Lower borrowing costs resulting from reduced bond yields may stimulate demand for mortgages, potentially boosting home sales and prices.