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Brisbane Records Second Quarter of Price Increases

By Adrienne McTavish

If you are planning to sell property in Bulimba this year, recent figures showing higher levels of buyer activity across the state of Queensland will come as encouraging news.

According to data from the Real Estate Institute of Queensland (REIQ), the state's property market retained its momentum right through the end of the December quarter – surprisingly positive news given that in most years, the run-up to the Christmas period tends to be quiet.

This is particularly good news for sellers as buyers are becoming increasingly confident, REIQ CEO Anton Kardash stated.

"There is no doubt that the Queensland market is improving due to the low interest rate environment, increasing confidence levels, an element of pent-up demand, as well as a more settled economic outlook here and overseas," he said.

In Brisbane, REIQ quarterly figures for the three months ending December 2012 show that the Queensland capital city has experienced its second consecutive quarter of price growth – rising 0.4 per cent to $510,000.

If you are looking to take the leap and sell property in Bulimba or any of Brisbane's inner-eastern suburbs, contact the team at Ray White Bulimba. We'll help you through the entire process and ensure you achieve the best possible result.

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