House sales jump in Queensland
Queensland's residential property market appears headed for an upturn, after recent figures showed the last three months of 2012 was a busy time for buyers and sellers alike.
According to the Real Estate Institute of Queensland (REIQ) December quarter report, house sales were 11 per cent higher at the end of 2012 in comparison with the same quarter in 2011.
REIQ chief executive officer Anton Kardash said the results are particularly encouraging considering the December period is a traditionally slow time for the real estate sector.
He commented: "Historically the December quarter is quieter than the September quarter- and we did have a very strong September quarter last year - but what these figures are showing us is that buyers continue to be more active than the year before."
The property expert went on to say that low interest rates, a return of consumer confidence and a more settled economic outlook is helping to drive a property recovery in Queensland.
The Sunshine Coast recorded a 27 per cent increase in house sales during the December quarter when compared with same period in 2011, while Cairns saw a 25 per cent lift, followed by the Gold Coast with a 19 per cent surge.