Recent REIQ data published on The Real Estate Conversation showed Brisbane enjoyed the third highest growth in Queensland with an increase of 7.6% in the median house value over the year. The state’s hottest spots were Toowoomba with 8.3% and Cairns with 8.2% growth.
Properties were also spending less time on the market – with the speediest sales occurring Brisbane. Brissie buyers were snapping up properties, on average, within 56 days on market – a drop of 20 days over the previous year.
Quoted in the article, REIQ CEO Antonia Mercorella said the data suggested a strong year ahead. “Our agents are reporting that confidence is on the rise in key Queensland real estate markets, which augers well for the rest of the year,” she said.