Home building conditions improve for QLD buyers
Queensland's residential property sector received a boost this week, after the state's peak housing body stated that 2013 is the perfect time to build.
Paul Bidwell, Master Builders director of housing, said conditions continue to look positive for the residential building sector, despite a 5.8 per cent fall in dwelling approvals in January.
"Despite the figures we still believe 2013 is a great time to build and are pleased to see an improvement statewide on where we were 12 months ago," Mr Bidwell commented, adding that the total number of units approved in January rose 12 per cent compared to the same month last year.
"While numbers across the state are somewhat patchy and do not offer a clear indication of which way building activity trends are heading, Master Builders remains optimistic that housing activity will improve across the state during 2013," he added.
And in a further boost for Queensland's residential real estate market, a recent report from Master Builders revealed that confidence is returning to the sector thanks to steady population growth and low interest rates.
Queensland's Great Start Grant, which is being launched this month, is also likely to entice more first time buyers into the market, Mr Bidwell stated.