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Queensland Real Estate Stats Welcomed by Treasurer

By David Bell

New property figures outlining growth in Queensland's housing sector have been welcomed by state treasurer Tim Nicholls.

Data from the Real Estate Institute of Queensland (REIQ) revealed the number of units and townhouses sold across the state jumped nine per cent in the final quarter of 2012, when compared with the previous corresponding period.

The news may be encouraging for those hoping to sell property in Rockhampton, with Mr Nicholls claiming government policies are helping the housing and construction industries prosper.

Commenting on the REIQ statistics, he said: "[The] results add to the ever-increasing list of industry reports that show the emergence of green shoots in the sector, and the economy more broadly."

He listed a number of schemes the Newman government is running to support homeowners, including the reintroduction of the Principal Place of Residence Concession, which enables buyers to save up to $7,000 when purchasing a property.

The Great Start Grant has also helped, Mr Nicholls said, with the initiative offering $15,000 to first home buyers who choose to build or purchase a new house.

"We're reforming state planning legislation to streamline processes by allowing developers to deal with one single office," he commented, adding that this will reduce red tape in the industry.

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