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Pre-GFC housing levels almost reached by Queensland

By James Brown

In a testament to the continued growth of Queensland's property market, housing figures have almost risen to levels last seen before the global financial crisis. 

This could be encouraging for investors interested in securing Caboolture real estate, as figures from February show that these results are likely to be achieved over the duration of 2015. 

Housing Industry Association executive director for Queensland Warwick Temby forecast more than 41,000 new homes being started across the state over the year, offering some insight into the rising strength of the Queensland property sector. 

 The three months to February 2015 saw a 10 per cent increase in detached housing approvals when compared to the same period in 2014. 

"For multi-unit approvals the growth has been even stronger at 32 per cent. Even the renovation sector, which has been the slowest sector to respond to record low interest rates, is up 2 per cent over the year," said Mr Temby in a 13 April statement. 

Now could be a great time for investors to begin looking into real estate options in Caboolture, especially after the Reserve Bank of Australia left the cash rate untouched recently.  

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