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Titles Registry Deals with Increased Lodgements

By James Brown

Houses for sale in Caboolture may not have stayed on the market for long last year, as figures from the Queensland Titles Registry show it dealt with a rapid rise in the number of lodgements.

The office dealt with an average of 3,240 lodgements per day during December 2013 alone, which was considerably higher than the average of 2,640 recorded throughout the rest of the year.

Andrew Cripps, minister for natural resources and mines, explained how the figures show renewed confidence in the Queensland property market and optimism surrounding the economic recovery.

Construction is an important component of the economy, so strong activity in the real estate sector will provide good news to other industries as well.

"To average 3,240 lodgements in December 2013 compares favourably to the 2012 daily average of 2,470 lodgements and the 2,350 average per day recorded during 2011," he commented.

Mr Cripps noted how many of the lodgements had been made online using the eLodgement system – a cost-effective method for people to do business with the Queensland Titles Registry.

Further data shows the majority of lodgements were title transfers, which encompasses property sales, new mortgages and mortgage releases.

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