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Queensland tops NAB Residential Property Index

By James Brown

Queensland has overtaken Victoria for the strongest residential property market over the last quarter according to the latest National Australia Bank (NAB) Residential Property Index, which could stimulate further sales of Caboolture real estate in the near future. 

NAB Group Chief Economist Alan Oster pointed out the increasing strength of property values across the nation. An influx of foreign buyers was seen for new property across the nation, making up 16.8 per cent of sales over the 2014's third quarter. 

This figure is expected to increase to 17.3 per cent over the next year, as the population boom continues to stimulate local property markets. Furthermore, national house prices have been predicted to continue upwards over the next two years. 

"We are forecasting average house price growth of around 4 per cent through the year to September 2015 and 2 per cent through the year to September 2016," said Mr Oster in a 15 October statement. 

Strengthening markets offer potential for great returns to be made on investment properties across the regions. Get in touch with a local real estate agent to discuss the most suitable approach to Caboolture's real estate market today. 

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