Queensland Housing Market Picks Up Pace
The housing market in Queensland shows continued signs of strengthening, which is excellent news for those buying or selling Surfers Paradise property.
According to the Real Estate Institute of Queensland (REIQ), both the volume of sales and house prices in the Sunshine State have increased over the June quarter.
The REIQ reported that house sales in Queensland rose by 22 per cent in the June quarter compared to the March quarter.
This rise in sales not only builds on from the previous quarter, but also marks a longer-term increase when compared to last year – house sales have increased by 40 per cent from June 2012.
Furthermore, REIQ CEO Anton Kardash is confident that this trend will continue into the latter part of this year.
"The September quarter and the upcoming spring selling season is typically a great period for the Queensland real estate market," he said in an August 23 statement.
"And with such good price and sales results for the June quarter, as well as historically low interest rates, it's shaping up to be another strong period as our market continues to build momentum."
Median price houses also went up throughout the state, with the Gold Coast marking a 3.1 per cent increase.