Queensland enjoying high sales, low property values

Everybody’s happy in Queensland.

Houses sold are increasing, yet the prices are kept at a minimum, according to the Real Estate Institute Queensland (REIQ). Units sold have increased by 14% since July, yet median prices have barely changed for this quarter. In Brisbane, median prices are at $400,000 despite an increase of 14% in home sales. What’s more surprising, is that the median price in the Gold Coast decreased by 2.9%, yet home sales have increased by 13%. The Sunshine Coast had near similar results, where the prices dropped by 2.3% as home sales increased by 9%.

These numbers are conducive to home buyers and sellers alike. Although the prices are expected to catch up within the next 6 months to a year, there is no better time to invest in property than now.

Read more about this on the Smart Property Investment website.

Author: Dorian Traill

Dorian Traill is the current Director of Grand Capital Finance Group and Fountain Property Group. He specialize in home loans for people as well as helping them build wealth through quality investment properties that ultimately lead to long term financial freedom.

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