news

South east Qld gathers momentum

The sales sector in Queensland's south east corner is going from strength to strength, with impressive results in Brisbane, the coasts and Toowoomba regions.

According to new data from the Real Estate Institute of Queensland (REIQ), Brisbane median values climbed 1.9 per cent in the June Quarter and 6.6 per cent over the last 12 months.

Average vendor discounting is down from 8.9 per cent in June last year to 5.6 per cent this year.

In the same time period, days of market have dropped by from 90 to 59.

The outer suburbs are also on the rise – over the three months to June, values rose by 1.9 per cent in Logan, 0.7 per cent in Moreton Bay and 1.9 per cent in Redlands.

REIQ acting CEO Antonia Mercorella said Brisbane buyers appeared to be gaining confidence heading into the spring season.

“These are the figures many vendors have been waiting for – much shorter days on market, significantly reduced vendor discounting and increased buyer competition,” she said.

Tourism regions in the south east are also performing well.

The SunshineSunshine, NSW Sunshine, VIC Coast has recorded growth of 1.9 per cent for the quarter and 6.2 per cent for the year, while the Gold Coast is up by 1.9 per cent for the quarter and 7.5 per cent for the year.

“Following a period of challenging conditions, the Gold and Sunshine Coasts are also starting to bounce back as buyers in both markets grow more confident,” Ms Mercorella said.

Further inland, Toowoomba is up by two per cent in the three months to June and 8.1 per cent over the last 12 months.

South east Qld gathers momentum
SPI logo
Thank you.

Your enquiry has been sent to a local Aussie Mortgage Broker.

We will be in contact with you shortly.
Opps.

error occurred.
Unfortunately Aussie cannot attend to your home loan related enquiry at this stage as you must be a citizen or permanent resident.
Do you need help finding the right loan for your investment?
What Aussie do for you:
  • Give expert mortgage advice to help you find great investment loan deals
  • Help you maximise return by lowering financing costs
  • Save you time and effort by helping with the paperwork
First name
Last name
Location
Mobile Number
Are you an Australian Resident?
promoted stories

Top Suburbs

Highest annual price growth - click a suburb below to view full profile data:
1.
BLUE BAY 49.18%
2.
PAMBULA 43.5%
3.
BERKELEY VALE 42.74%
4.
POINT PIPER 40.52%
5.
NORTH TURRAMURRA 38.12%