NEWS
Queensland’s property market has sprung to life and is feeding off an increasingly buoyant economy.
The sudden return of optimism has buyers moving quickly to secure properties, sometimes within days of hitting the market, and values are again on the rise.
On the back of Australia's world-beating economy, which posted a better-than-expected 0.6 per cent economic growth for the June quarter, agents are reporting renewed interest as the spring selling season gets under way.
At this time last year homes languished on the market for 44 days, with many struggling to find a buyer. It now takes on average 29 days to sell.
In the past month 19,800 residential properties have been advertised for sale in the greater Brisbane area.
At the same time last year stock levels were 17 per cent higher, with 23,146 homes on the market.
Source: news.com.au
Published: 05 September 2009
