News

South-east Queensland’s property market strengthens

By Larry Malan

South-east Queensland's property market could be the one to watch, as it has recently gathered strength and outshone many other parts of the state.

The Real Estate Institute of Queensland's (REIQ) Market Monitor found that buyers are becoming more confident about their prospects moving into 2015.

Among the standout performers has been the Gold Coast, where REIQ data shows house sales activity increased 7 per cent during the September quarter.

REIQ CEO Antonia Mercorella suggested that rental properties in Mermaid Beach and other parts of the south-east may well be worth a closer look in 2015.

"Outside Queensland's resource centres, rental conditions remain tight across all other major regional centres," she commented.

"The Sunshine Coast again posted the state's tightest vacancy rate of one per cent at the end of September."

Ms Mercorella also revealed a rise in the number of new bonds that were granted across Queensland during the three months to September, mainly because this is considered a good time to move.

Getting into a property before the start of the new school or working year often makes sense for many people, she added, which is why you might need the services of a real estate agent.

Up to Date

Latest News