REIQ
QUEENSLAND MARKET MONITOR ISSUE 24
SEPT QTR 2014
your state-wide property research guide suburb by suburb
QMM STATE-WIDE COMMENTARY
CONFIDENCE SPREADS TO REGIONAL QLD While residential real estate markets south of the border are reportedly coming to, if not already at their peak, Queensland is some way off that point. Sales activity in Southeast Queensland (SEQ) continues to strengthen, while the state’s key regional centres are beginning to reap the benefits of growing confidence across the state. Listing numbers have begun to improve, a sign that vendors are becoming increasingly confident about current selling conditions. However, local agents still report a shortage of supply in some areas and price segments.
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Average days on market and average vendor discounting have improved markedly in most regions compared to a year ago. These conditions, combined with strong sales activity, have seen SEQ, Toowoomba and Cairns enter a rising house market. Townsville has now joined the Fraser Coast in recovery mode, with Gladstone and Bundaberg also entering a recovery phase. Local agents are reporting Rockhampton is at the bottom of the cycle, while Mackay appears to be stabilising. >p2