NEWS
The real estate market in the popular Australia destination of Queensland is showing signs of recovery.
The latest figures from the Real Estate Institute of Queensland (REIQ) show that the volume of sales in Brisbane rose by 28.4 percent in the second quarter of 2009.
Along the resort areas of the Gold and Sunshine coasts, sales were also up by more than 17 percent for the quarter.
Sales throughout the state of Queensland totaled 15,310 for the second quarter, more than 3,000 above the same period a year ago.
The Federal Government’s move to boost first-time homebuyers has helped to improve sales, and the low interest rates and stable prices have also aided the figures.
Some of the most popular areas had increases in media prices from 13.7 percent to 21.7 percent.
Source: homesgofast.com
Published: 11 September 2009
