1. Skip to navigation
  2. Skip to content
  3. Skip to sidebar

Property News

Recent numbers inspire investment confidence in Queensland

February 13, 2012

The favourable investment conditions economists have been discussing for the sunshine state may have been confirmed with a recent announcement from the Real Estate Institute of Queensland.

The REIQ examined housing finance figures and reported a 16 per cent increase in the number of investors purchasing property in the state over the month of November.

After a rather sluggish 2011, it is possible that the combination of high demand, low interest rates, and attractive property prices led to the increase.

In addition to an extension of the state-funded Building Boost Grants, there has been solid investment in the private sector. QantasLink recently publisized its regional airline expansion throughout the state and Scoot, Singapore Airlines budget carrier, announced a new hub in the Gold Coast.

For those considering residential property investment in Queensland, now may be the right time to start looking.

In January, a report from the Deloitte Access Economics’ Business Outlook predicted Queensland would boast the highest growth in Australia for 2011-12 and 2012-13. 

REIQ chief executive officer Anton Kardash hopes the positive numbers to continue: "These tentative signs of recovery, however, can only be sustained if confidence levels continue to improve."

Related Articles

Queensland units sales increase while home loans become more affordable

First home buyers and property investors looking into buying a property in Queensland could be ...
read more

Queensland first time buyers react to homeownership scheme

More and more Queenslanders are realising the 'great Australian dream' to buy their own ...
read more

Queenslanders saving more cash from government policies

The Queensland government is easing the financial burden on residential property dwellers in the ...
read more

Latest Articles

Is it time for a change?

Is your current home not quite right for your needs? Whatever the reason, you might sell your ...
read more

Growing home lending figures in Western Australia highlight construction rise

Anyone interested in buying land in Western Australia and building their own residential property ...
read more

Calls to keep stamp duty exemption for first home buyers in Western Australia continue

The Real Estate Institute of Western Australia (REIWA) has stood up or the rights of first home ...
read more