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.