THE Queensland residential house market is on the move with sales growing and prices firming in many areas, said the Real Estate Institute of Queensland (REIQ).
The REIQ September quarter median house price report found that the preliminary numbers of house sales across the state grew by 9% over the September quarter.
Quarterly sales growth was recorded across south-east Queensland as well as in far north Queensland.
However, the run of good times for mining districts appears to be slowing with quarterly sales volumes falling in central Queensland and associated regions over the past year.
REIQ CEO Anton Kardash said as the Queensland market had been posting promising results for the past year there was now no doubt that the majority of the market was well into a growth phase.
“REIQ accredited agents had been waiting a long time – nearly five years in some areas – to finally experience some good times again,” Mr Kardash said.
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