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The
Propertybuyer

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Hear the latest weekly insights into the property market via podcast by Rich Harvey, CEO and founder of Propertybuyer.

 
Wed 22 Nov '23 with Rich Harvey Using Data & AI for Better Property Decisions
 
 
Thu 7 Sep '23 with Rich Harvey Northern Beaches Real Estate Outlook & Industry Trends
 
 
Thu 20 Jul '23 with Rich Harvey How Sales Agents Think
 
 
Thu 15 Jun '23 with Rich Harvey Auctions – The Inside Scoop
 
 
Fri 9 Jun '23 with Rich Harvey Financing Innovation & Building a Property Portfolio
 
 
Thu 25 May '23 with Amanda Jones Melbourne Property Insights
 

 

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Brisbane investment properties selling faster

February 25, 2014 / Written by Rich Harvey

 

By Rich Harvey, CEO, propertybuyer.com.au

News coming out of the Real Estate Institute of Queensland (REIQ) may be of interest to Australians considering Brisbane property investment.

The REIQ reported on February 21 that the number of house sales across the state peaked at the end of 2013.

Anton Kardash, CEO of REIQ, said the December 2013 quarter could be the third strongest Queensland has seen in as many years. When 2013 is compared to 2007, Queensland's sales volumes are 75 per cent higher.

"Our most recent peak was in September 2012 when the return of stamp duty concessions underpinned the increased sales activity," Mr Kardash said.

"However, the strength of this latest quarter was a direct reflection of our improving market and growing confidence levels. The September quarter, or spring selling season, historically records the high numbers of sales. Last year, however, the December quarter trumped it with the preliminary numbers of house sales peaking at just shy of 10,000 for that three-month period."

Mr Kardash said this type of sales activity was the same across most major regions in the state.

Homes selling faster and for higher prices

Not only are Brisbane investment properties selling in high numbers, they're doing so at a quicker pace and with less discounting.

The REIQ reported that the average time it takes to sell a home in Brisbane has fallen to 74 days, with average discounting from list prices hovering near 6 per cent.

Meanwhile, the median house price in Brisbane rose 6 per cent during the December 2013 quarter, reaching $562,000.

All this data points to one conclusion: Buyer demand in Brisbane is high. More homes are being sold and for higher prices.

In short, Brisbane property investment is looking very attractive at the moment.

The Propertybuyer
Podcast

 
Wed 22 Nov '23
with Rich Harvey
Using Data & AI for Better Property Decisions
 
 
Thu 7 Sep '23
with Rich Harvey
Northern Beaches Real Estate Outlook & Industry Trends
 
 
Thu 20 Jul '23
with Rich Harvey
How Sales Agents Think
 
 
Thu 15 Jun '23
with Rich Harvey
Auctions – The Inside Scoop
 
 
Fri 9 Jun '23
with Rich Harvey
Financing Innovation & Building a Property Portfolio
 
 
Thu 25 May '23
with Amanda Jones
Melbourne Property Insights
 

 

Listen to many more
podcasts on our
Podcasts page.