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‘Robust’ Gold Coast market expected
Queensland’s property market over the next few years is expected to be ‘robust’ with more sales activity on the back of “new-found optimism”, according to property industry experts.
Real Estate Institute of Queensland (REIQ) CEO, Anton Kardash, recently said in his newsletter, “The Queensland market certainly appears to be on the road to recovery, helped in no small part by the necessary lowering of interest rates by the Reserve Bank of Australia throughout the year to help stimulate our economy."
Last year BIS Shrapnel also forecast that growth in the Queensland market would be seen over 2013 to 2015.
“The Queensland economy is also now beginning to turn around with the next round of investment in new resource projects coming through,” BIS Shrapnel’s Angie Zigomanis said.
“Consequently, economic conditions are forecast to rapidly improve, with the ensuing employment and income growth to create a greater level of purchaser confidence.”
Mr Kardash explains that, now we are in the summer season, "which in some areas such as the Gold Coast is the busiest time of the year" there are hopes optimism will continue in the area and that "2013 heralds more robust sales activity.”