Queensland houses

Pandemic has interstate buyers set on Queensland houses | WATCH

PHOTO: Queensland property boom

The “supersonic” Queensland property boom continues to soar with latest data showing a yearly growth rate of nearly 20 per cent — the biggest annual hike since the 1980s.

CoreLogic figures show housing prices have risen almost 11 times faster than wages growth over the past year and are set to soar even further.

Head of Research Eliza Owen said this created a significant barrier to entry for those who do not yet own a home.