Brisbane property is on the rise

There are some great stats coming out about the state of the property market in Queensland, particularly Brisbane, and they're all positive!  Here is a summary:

 

  • Leading property researchers RP Data have found that Brisbane is outperforming other capital cities in terms of properties sold. More than 10,500 properties (or 116 a day) were sold in the three months to January 2014. Almost three-quarters of properties sold were houses, a 21% increase on the same period in 2013. 
  • RP Data told The Courier-Mail that Brisbane's unit market also performed strongly, with 2,982 units sold in the same period. The city performed well ahead of the national average increase (13.1%) with 81,879 houses and 29,575 units sold.
  • According to the NAB Residential Property Index, Queensland will lead the country for capital gains over the next two years. Survey respondents expect price growth to be fastest in Qld (3.5%) and NSW (3.3%) and slowest in Victoria (2.2%) and SA/NT (2.2%). 
If you're not already in the market, it's a great time to get in.  
 
Whether you're looking to invest or upgrade, now is the time to do it.  Please call us for an obligation free meeting, 3366 8604 or email caroline.jean-baptiste@mortgagechoice.com.au.
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