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Sales and Prices Increasing in Queensland

By David Bell

Owners of real estate in Rockhampton should be glad to hear that the residential house market in Queensland is heating up, according to the Real Estate Institute of Queensland (REIQ).

Property sales increased 9 per cent in the state during the September quarter.

This has added to median price growth in the region, with property also remaining affordable when compared to other hotspots.

"The majority of our regions experienced mostly unchanged median prices over the September quarter, although over the year we are starting to see some healthy median increases," said REIQ CEO Anton Kardash.

"Given the price increases in the southern states, there is no doubt that Queensland remains one of the most affordable places to buy or invest in property. With this in mind, we are likely to see an increase in interstate investors and migrants taking advantage of these excellent opportunities."

This view is supported by a separate report from REIQ showing that interstate investment is on the rise in the state.

For homeowners looking to sell or find tenants to rent to, this increased interest is favourable news.

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