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Further growth in Brisbane property auctions

Heading to auction to secure Morningside real estate may be becoming more popular, as the latest figures from RP Data suggest the city’s market is going from strength to strength.

During the week ending 21 September, the group revealed how 2,757 auctions were planned across the country, which compares to 2,109 over the same period of last year.

Brisbane is no exception to this trend, as 138 auctions were scheduled over the course of the week, which compared to 134 during the previous week.

Not only this, the city has seen 8 per cent more homes being sold over the past four weeks than the same time in 2013.

Queensland could soon see demand for auction properties increase further, especially as the latest figures show job opportunities are on the rise across the state.

Data from the Australian Bureau of Statistics (ABS) showed 64,400 jobs were created across Queensland over the past year, with 26,500 emerging in August alone.

Treasurer Tim Nicholls revealed how the state has now seen 16 months of consecutive growth.

If you’re eyeing up a move to Morningside and are hoping to land a new job, these figures could well give you the incentive you need.

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