Brighter Selling

Suburban stunners. The latest growth suburb standouts.

by Kate Watt, Marketing Manager 18 May 2015

South east Queensland was a hotspot for growth in 2014 with rising sales volumes boosting median property values, according to the Real Estate Institute of Queensland.

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.

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