The latest report from the Real Estate Institute of Queensland (REIQ) has highlighted the strength of the state's housing market during the final quarter of 2013. This growth is expected to continue well into the new year – which could provide a great opportunity to houses for sale in Bulimba.
The REIQ December Quarter Median House Price report found that property sale volumes hit their 2013 peak over the final three months of the year , making it one of the healthiest quarters seen for some time. In fact, REIQ Chief Executive Officer Anton Kardash said the quarter was the third strongest seen in as many years, which is encouraging for those interested in Bulimba real estate.
"Our most recent peak was in September 2012 when the return of stamp duty concessions underpinned the increased sales activity. However, the strength of this latest quarter was a direct reflection of our improving market and growing confidence levels," said Mr Kardash in a February 21 statement.
Brisbane was the third best performing capital city during the quarter, with the median house price increasing by 6 per cent to $562,000. Furthermore, the Greater Brisbane region saw an rise in both first home buyers and investors, highlighting the growing buyer demand in the region.
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