There's more good news for the Queensland property market, as it emerges that sentiment is staring to improve throughout the state. Between the June and September quarters of this year, the ANZ/Property Council survey showed a stark rise in confidence levels.
The June quarter reading stood at 125, before increasing to 130 over the following three-month period. A score of 100 is considered to be neutral.
ANZ chief economist Warren Hogan explained there has been strong demand for particular properties, and especially those of a high grade. Investors are still keen to purchase in or close to capital cities, which may lead to increased demand for real estate in Burpengary.
Mr Hogan suggested that the national property market is "supported by solid underlying housing market fundamentals and expectations of continued low interest rates", which should help sustain confidence for a while longer.
There have been plenty of signs that optimism is returning to the Queensland market recently. The Housing Industry Association (HIA) analysed official building data, which showed that new home starts were up 20.9 per cent in the state between the March quarters of 2014 and 2015.
A similar picture was seen on a national scale, as the HIA revealed that the March quarter figures were the second-highest on record.
"In the 12 months to March, almost 205,000 new dwellings were commenced – this is the first time the 200,000 mark has been breached," said HIA economist Geordan Murray.
If you're an owner occupier or investor, then seeking the expertise of a real estate agent in Burpengary can really work in your favour. Ray White Caboolture operates in this particular area and can provide valuable insight into the market.
For help finding your next property, make sure you get in touch with our team of experts.