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Confidence in Queensland property continues to grow

Buying into a property market with high levels of confidence has many advantages, which is why real estate agents in Norman Park may have seen activity rise over recent weeks.

The latest ANZ/Property Council Survey for September reveals a seven-point rise in confidence throughout the state, giving it an overall reading of 143.

As a reading of 100 is often considered the point of neutrality, there are plenty of reasons to be hopeful that Queensland property will continue to thrive.

Queensland executive director of the Property Council of Australia Chris Mountford said the focus now needs to be on major urban centres if the state is to continue its winning streak.

He continued: "Queensland has now recorded five consecutive quarters of sentiment above the national average and sits just behind New South Wales which has held the position as Australia's most positive state for the past three quarters."

ANZ senior property analyst David Cannington agreed, saying conditions had improved in the housing market, leading to improved conditions across Brisbane and the south-east of the state.

The challenge will now be to make sure the region continues to attract investors and prove its position as a standout performer.

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