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Queensland witnesses strong sales activity

By James Brown

The past few months are likely to have seen plenty of activity among real estate agents in Elimbah, as it emerges that property sales are up across Queensland.

Data from the latest Queensland Market Monitor shows that the final three months of 2014 were especially busy for the state's prestige market, although this trend wasn't sustained at the start of this year. As a result, the median house price in Brisbane now stands at $580,000, but the Real Estate Institute of Queensland (REIQ) doesn't believe this points to the start of a new trend.

"March is historically the quietest quarter of the year and after such robust trading in December 2014 this dip was not unexpected," noted REIQ CEO Antonia Mercorella.

"Looking at the 12 month trend to March 2015, the median house price is at $587,000 and this is an even more accurate reflection of what sales prices are doing."

This is a figure that anyone thinking carefully about an investment will no doubt need to consider.

There is also the issue of property listings to factor into your calculations. SQM Research revealed that in May, the amount of homes for sale in Brisbane increased 0.9 per cent from a year earlier. Month on month, the positive change stood at 5.5 per cent.

Managing director Louis Christopher doesn't think this trend will be sustained for much longer, however, as there is already evidence that May listings are being absorbed by the market.

If you are thinking about making a purchase in Brisbane or one of its suburbs, make sure you speak to a reputable real estate agent in Elimbah. Here at Ray White Caboolture, we have all the knowledge you need to make an educated decision.

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