More confidence may boost regional market
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.