June quarter house and unit sales in Queensland climb: REIQ

June quarter house and unit sales in Queensland climb: REIQ
June quarter house and unit sales in Queensland climb: REIQ

June quarter house and unit sales in Queensland continue to climb with regional centres are showing hints of recovery, according to the REIQ's recent Queensland Market Monitor.

Investor activity is picking up in both the Gold Coast and the Sunshine Coast with Cairns and the Fraser Coast showing promise of market stability with less average days on market and levels of vendor discounting for unit markets.

Sales volumes are slowing for a second consecutive quarter in Toowoomba’s house market.

REIQ chief executive officer Antonia Mercorella said regional centres, where the impact of the GFC and mining downturn continue to be felt years later, are 'defiantly consistent'.

"The southeast corner remains the powerhouse of the state’s real estate market, with Brisbane LGA recording a new high median house price of $610,000," she said.

“The market in the southeast corner is performing well and this will eventually be felt throughout the rest of the state.

"Even though some of our regional centres are struggling, we are seeing signs of a return to equilibrium."

Michael Crawford

Michael Crawford

Michael is the real estate reporter for western Sydney and loves writing about homes and the people who live in them. A former production editor and news journalist, he enjoys writing about real-world property purchases as well as aspirational buys and builds. Following a recent move from Sydney’s northern beaches, Michael now actually enjoys commuting.

Tags: 
Property News Housing Market

Community Discussion

Be the first one to comment on this article
What would you like to say about this project?