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Decade high for Brisbane property sales

Are you hoping to get your hands on property in Balmoral in the not too distant future? Chances are you won't be alone, as real estate sales have improved across many parts of Brisbane.

The latest figures from the Real Estate Institute of Queensland (REIQ) point to the highest sales levels in 10 years, bringing good news to investors throughout the region.

There's also further room for optimism, as the median house price in the city increased 1.4 per cent in the three months to September.

REIQ CEO Antonia Mercorella commented: "Since entering the recovery stage of the cycle back in June 2013, Brisbane has recorded consecutive quarterly increases in median values, with an average quarterly increase of 1.7 per cent."

She also revealed that during the year to September, median house values marked a rise of 6.6 per cent, illustrating just how confident buyers are at the moment.

There's also positive news for the high-end property market, as sales of homes valued in excess of $1million are currently at the strongest level since 2009.

No matter what type of property you have your eye on, make sure you speak to the team at Ray White Bulimba for an invaluable insight into the local market.

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