Queensland Residential Market on the Move

By Larry Malan

Owners of real estate in the Gold Coast will be pleased to hear that the residential property market in Queensland is continuing to flourish.

The Real Estate Institute of Queensland (REIQ) reports an increase in sales and firming prices in many areas, with preliminary numbers of house sales across Queensland growing by 9 per cent over the September quarter.

REIQ CEO Anton Kardash believes the majority of the Queensland market is well into its growth phase after posting promising results for the past year.

He notes that the Queensland market was taking a measure approach, unlike Sydney and Melbourne which seem to be experiencing unsustainable levels of growth.

"The majority of our regions experienced mostly unchanged median prices over the September quarter, although over the year we are starting to see some healthy median increases," he says.
If you are looking to invest in houses for sale in Broadbeach, now may be a great time to do so. Mr Kardash believes Queensland is still one of the most affordable places to buy property, and thinks there will likely be an increase in both investors and migrants making the most of the strengthening responses.

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