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Sales For Queensland Units and Townhouses Up Over Last 12 Months

By Adrienne McTavish

The last 12 months have been good for townhouses and units in Queensland, with the overall preliminary sales increasing by two per cent compared to the same period the previous year.

The Real Estate Institute of Queensland (REIQ) released its latest Market Monitor which showed that sales in tourism centres throughout the state experienced sales growth over the last year.

The median price for a unit in Brisbane stayed at a steady $390,000 over the March quarter.

This is good news for anyone looking to sell property in the state, especially those with Bulimba real estate or other units close to or in the heart of Brisbane's CBD.

REIQ chief executive officer Anton Kardash said in a June 7 statement that the popularity of units and townhouses has returned to Queensland's tourist destinations.

"These areas have experienced the highs and lows of the GFC [Global Financial Crisis], and the strength of the Aussie dollar, more than most over the past four years so it is heartening to see them stepping back into the light," Kardash said in the statement.

For example, statistics from property sales on the Gold Coast have reportedly grown 30 per cent – with real estate selling for prices ranging up to $1 million.

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