News

Queensland Property Industry Fourth Most Positive in Australia

By Amanda Shannon

Those looking to list residential property in the Gold Coast for sale in the foreseeable future may be interested to hear that the property industry in the state of Queensland is currently the fourth most positive in the country.

According to results from the Property Council of Australia-ANZ Property Industry Confidence Survey, industry sentiment in Queensland is sitting at 117 on the index. A score of 100 is considered to be neutral.

Despite suffering a marginal four point decline, Queensland is sitting at fourth place in the country overall. This is the third quarter in a row that the industry in Queensland has sat in positive territory.

"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," stated Property Council of Australia Queensland executive director Kathy MacDermott.

ANZ head of property research Paul Braddick stated that recent growth in property prices in the Queensland residential property market has helped to boost confidence, while the low Australian dollar will help to bring in more tourists to the state.

For expert help with selling Gold Coast real estate, contact one of the agents at Ray White Broadbeach for professional advice and assistance.

Up to Date

Latest News