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Brisbane Defies Falling House Prices: REIQ

Brisbane Defies Falling House Prices: REIQ


According to a recent article in eliteagent.com and propertynoise.com.au, figures from the latest REIQ Queensland Market Monitor have shown positive signs for Brisbane as the city closed out 2018 with a median house price growth of 1.1 per cent.

According to REIQ CEO Antonia Mercorella, a rise of this kind for this market means Brisbane is really performing the best out of the three largest capital city property markets.

We have relatively low unemployment, high interstate migration rates, low rental vacancy rates and major, long-term infrastructure projects delivering jobs and improved livability in the southeast corner.

Restoring consumer confidence and giving buyers access to finance would benefit the market – and the broader Queensland economy – significantly,” Ms Mercorella said.

 

Source(s): https://eliteagent.com/brisbane-defies-falling-house-prices-reiq/
https://www.propertynoise.com.au/brisbane-defies-falling-house-prices-reiq/