Melbourne to Queensland exodus 'starting to see reversal' amid housing unaffordability
South-East Queensland has been under-represented in 5% Deposit Scheme approvals, with prospective first-home buyers heading to Melbourne for its "considerable affordability" benefits.
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SEQ first-home buyers turn to Melbourne as 5% Deposit Scheme provides limited opportunityHBy Heloise VyasABC Gold CoastTopic:Housing Policy19m ago19 minutes agoTue 28 Apr 2026 at 7:42pmSiddharth Nagar is leaving the Gold Coast for Melbourne after a prolonged house hunt. (ABC News: Glenn Mullane)abc.net.au/news/gc-homebuyers-relocate-melbourne-5-pc-deposit-scheme-helps-few/106492412Link copiedShareShare articleWith a full-time job as a civil engineer, Siddharth Nagar believed he was financially on track to becoming a home owner.But six months on and dozens of auctions later, the 32-year-old Gold Coast man said it was an impossible prospect on a single salary."You either have to do two jobs or you need a partner with a really good income," he said.A $1.5 million unit sale captures a growing…
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