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Q4 sees QLD transaction rates jump

By David Bell

Those considering buying real estate in Rockhampton may be interested to hear that transaction rates across Queensland bucked historical trends last year.

The December quarter normally sees a drop in transaction rates, but 2012 sales enjoyed an eight per cent rise compared with the same period in 2011.

That's according to the latest December Quarter Median House Price Report by the Real Estate Institute of Queensland (REIQ).

It marks the second consecutive result where experts have been pleasantly surprised.

REIQ chief executive Anton Kardash said that in conjunction with the December results, the September quarter also produced strong growth – indicating that buyer activity is building.

He explained: "There is no doubt that the Queensland market is improving due to the low interest rate environment, increasing confidence levels, an element of pent-up demand, as well as a more settled economic outlook here and overseas."

The median value of real estate in Rockhampton sits on $315,000 as of December 2012.

Mr Kardash added that activity in the market by first home buyers is continuing to decline, as a result of the scrapping of the First Home Owners Grant last October.

Talk to Ray White Rockhampton to see how our team of experts can facilitate your property needs.

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