Increasing buyer demand and growing confidence across our capital city fuelled increases in sales volumes and median sale prices, particularly in the $500,000 to $1 million price bracket.
“Brisbane continues to lead the way, with increasing buyer demand and growing confidence across the board,” the REIQ reported.
“Increased prestige sales and strong buyer demand in the $500,000-plus price point is leading to increased competition.”
Outside of Brisbane, Queensland’s regional markets are showing mixed results. The REIQ reports:
- Investor demand is driving “buoyant” market conditions across the Gold Coast and Sunshine Coast.
- Cairns and the Fraser Coast are continuing to show signs of a long-awaited post GFC recovery.
- Softer market conditions in Gladstone, Mackay and Townsville are enticing local buyers, amidst speculation the bottom of the market has been met.
- Toowoomba sales volumes have cooled for a second consecutive quarter but major infrastructure projects, including the second range crossing, are expected to drive consistent growth.
Read the full report here – REIQ Queensland Market Monitor report.