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Queensland Property Industry Remains Positive

By Andrew Bell

In what could be great news for anyone thinking of buying or selling real estate in Surfers Paradise, new information has shown that the state remains the fourth most positive in the country for real estate.

According to the Property Council of Australia-ANZ Property Industry Confidence Survey for the September quarter, the state's sentiment registered at 117 on the index – a score of 100 is considered neutral.

This is the third consecutive quarter where the industry has remained positive, and may present good opportunities ahead for sellers and buyers of Main Beach real estate.

"While the results show a slight decline in confidence over the past quarter, they represent a levelling out of the surge in confidence we saw in the June survey," said Property Council of Australia Queensland executive director Kathy Mac Dermott.

ANZ head of property research Paul Braddick stated that Queensland has seen solid property price growth, which has helped sentiment improve in the industry, and is likely to "provide a boost to the residential property market".

A higher level of sentiment coupled with the low cash rate may help the real estate market to improve over the next few months, and provide a good opportunity for sellers to list their property.

For help with selling your Surfers Paradise property, contact one of the agents at Ray White Surfers Paradise today.

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