Investors lead market charge in Qld

By |

Good news has finally started trickling out of the Queensland housing market, with the Real Estate Institute of Queensland (REIQ) indicating sales activity and house prices in the state are strengthening.

The REIQ June quarter median house price report found the number of sales increased ‘significantly’, with preliminary numbers indicating house sales across the state increased 22% on March quarter figures.

The June 2013 quarter figures were also 40% higher than figures for the June quarter of 2012.

“This is the fourth consecutive quarter of positive news, said REIQ spokesperson Anton Kardash. “The September quarter last year was a particularly strong one for the Queensland market and that momentum has been sustained throughout the following three quarters of sales activity.”

Over the June quarter, REIQ data shows the median house price in Brisbane increased 1.6% to $527,250 and increased 3% over the year ending June. The numbers of house sales in Brisbane also increased compared to the previous quarter and last year – up 32% and 44% respectively.

The median house prices in Logan City, Moreton Bay and Redland City all also increased over the June quarter.

Toowoomba posted yearly median house price growth of 4.5%, the Gold Coast increased by 3.1% and the Sunshine Coast median price grew by 2.3%.

“REIQ estimates of Queensland investor activity also shows that the numbers of investment dwellings financed is tracking at about the historical average,” says Kardash. “No doubt, investors have recognised the strong rental market, including low vacancy rates, and are taking the plunge while first home buyers remain relatively absent.”

The numbers of first home buyers in Queensland remain well below historical averages at just 11% of dwellings financed in June – a decrease of 35% compared to June last year.

Whether you are looking to buy your first home, move home, refinance, or invest in property, a mortgage broker can help. Access loans from all the major lenders, get help with paperwork – plus there is no charge for this service. Get help from a local mortgage broker

Top Suburbs : melton , stafford hts , leumeah , keperra , wallsend

go back

Get help with your investment property



Do you need help finding the right loan for your investment?


When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.

Just fill in a few details below and we'll then arrange for a local Aussie Mortgage Broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus and appointment is free.

How soon would you like a mortgage?
What is your Annual Household Income i $
Do you currently own any Investment Properties?
Do you own your own residence?
How much equity do you have in all your current properties?
First Name
Last Name
Where do you live?
What number can we reach you on?
E-mail address
We value your privacy and treat all your information seriously - you can check out our privacy policy here