Rising Median Property Prices Expected To Continue Throughout 2014
The latest Real Estate Institute of Australia (REIA) and Bendigo Bank Market Facts publication has highlighted the increasing positive trend for property across the nation heading into 2014, which could be encouraging for those looking into investment houses and apartments for sale in Broadbeach.
REIA President Peter Bushby said the weighted average median price for houses across Australia's capital cities had increased by 5.7 per cent, while other dwellings – such as apartments – experienced an average median price growth of 4.5 per cent.
This could be great news for the property market in Queensland, which is being spurred on by continued growth in the labour and resource industries. As the state continues to grow and adapt, these price rises are expected to remain strong well into the remainder of 2014.
In fact, compared to the same time last year, the average median house price has risen by 13.1 per cent.
"In 2014 we expect interest rates to stay low and continued steady improvement in activity in most markets. It should be generally a positive year, provided there are no unforeseen global issues that emerge," said Mr Bushby in a March 12 statement.
The developing landscape could be perfect for property investors to secure real estate in the emerging market, establishing themselves with a portfolio for the future.