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QLD Units and Townhouses Surge in Sales

By David Bell

There may be encouraging news for those looking to sell property in Rockhampton, with new figures revealing transaction levels are up.

Real Estate Institute of Queensland data revealed units and townhouses across the state were popular in the March quarter 2013, achieving 2.2 per cent higher sales than in the same period last year.

The organisation's Queensland Market Monitor showed the state's tourism hotspots were the most popular.

"Many of these areas have also become more affordable, even those with unique seaside locations, so this is no doubt spurring buyers into action before the tide has turned to the positive completely," the REIQ stated.

The statistics followed promising results for real estate in Rockhampton last month, with the city being the best performer in the state over the March quarter for median house prices.

Rockhampton property climbed 7.8 per cent in value over the three-month period to $339,500.

Anton Kardash, REIQ chief executive officer, said: "Rockhampton's good result is partly due to its location near a number of mining precincts.

"It is also likely to be benefiting from its neighbour Gladstone’s market cooling down somewhat after several quarters of very strong results due to the resources boom."

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