Now that we're seeing a slight easing of COVID-19 restrictions, people are on the move again. We're already seeing a dramatic increase in buyer activity from Noosa right down to the New South Wales border. Jason explains further in his latest video.
Hello, Jason Dwyer from Dwyer Property Investments. We've been helping Queenslanders invest in property for over 35 years. Beautiful Queensland with its glorious weather, perfect beaches, tropical rainforest, and the Great Barrier Reef has become the number one state for interstate migration, and it's easy to see why. In southeast Queensland specifically, the Sunshine Coast seems to be where it's all happening. Did you know that 70% of Queenslanders actually live in southeast Queensland?
Also, property is enjoying a staggering 7% growth, and the average for the past 10 years has not dropped below 5%. Rental returns are still strong at over 5% as well. Now that we're seeing a slight easing of COVID-19 restrictions, people are on the move again. We're already seeing a dramatic increase in buyer activity from Noosa right down to the New South Wales border.
In addition, there's been a noticeable jump in inquiries and sales on the Sunshine Coast and the Gold Coast. It seems that the COVID-19 pandemic has fuelled the desire of many people to actually take the step of living life to the fullest. To this end, local real estate agents are reporting an astonishing increase in inquiries leading to sales as people choose to live an idyllic lifestyle close to the ocean.
For many people, the pandemic and very real threat to our lives and lifestyle has caused them to stop and re-evaluate their current lifestyle, realising that Queensland offers everything they ever dreamed of. No longer will Queensland be simply a beautiful place to visit, but will now become home to many who have already tasted its many delights. Property prices can only increase. Property in southeast Queensland and the Sunshine Coast in particular is still excellent value for money, and the desirability for property in Queensland will only increase with the upgrade of the Sunshine Coast airport. This will dramatically increase the number of flights in and out by 2021.
The result is, of course, that this increase in demand for property will likely push prices even further. Agents believe that the recent flurry of sales in southeast Queensland is just a small sample of what's to come once the borders are fully open. Buyers are stating that COVID-19 restrictions forced them to take stock of their current work, living, retirement situation, and to appreciate their freedom post-pandemic. Now they intend making the changes they always dreamed of, which is why we're seeing a huge jump in activity in the southeast Queensland property market. People don't want to wait. They want to make these changes now.
Jason Dwyer. Thank you.