More con­fi­dence may boost re­gional mar­ket

Isis Town and Country - - News -

REAL es­tate mar­kets in re­gional Queens­land are gear­ing up for growth in the wake of a strength­en­ing prop­erty mar­ket in the south-east, ac­cord­ing to the Real Es­tate In­sti­tute of Queens­land (REIQ).

The REIQ Queens­land Mar­ket Mon­i­tor for the Septem­ber quar­ter 2014 shows the state’s key re­gional cen­tres are be­gin­ning to reap the ben­e­fits of grow­ing buyer con­fi­dence.

REIQ CEO An­to­nia Mer­corella said, along with Cairns, the south-east con­tin­ued to be Queens­land’s star real es­tate per­former.

“House sales ac­tiv­ity across south-east Queens­land con­tin­ued to im­prove over the Septem­ber quar­ter, with pre­lim­i­nary fig­ures re­veal­ing a 5% rise across greater Bris­bane,” she said.

Ms Mer­corella said the Cairns real es­tate mar­ket had a strong Septem­ber quar­ter, with sales vol­umes for both houses and units in­creas­ing by more than 30%.

“There was strong house sales growth in Bund­aberg (19%),” she said.

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