Queensland home sales have been increasing steadily for the past year. House sales for the month of June alone, increased by 22% over the previous month, and 40% higher than the same time last year according to the Real Estate Institute of Queensland.
Brisbane increased by 32% in June despite the fact that it is not an auction rich city. Major cities have also experienced an increase in home values around the same time.
Investor activity in Queensland is expected to increase further with low interest rates, strong rental market, property demand and increasing home construction.
Read more on the Property Observer website.