REIQ House Prices on the Rise

Finally some good news from the REIQ regarding Queensland's housing market today. Reports indicate that housing prices are rising gradually in certain areas, one of these being the Gold Coast. The housing market has always been a good indicator for economic growth and first home owner sales for the month of June have increased 30% in Queensland from that of June last year.

This is good news for property owners, investors and business associated with land development. This may be a sign that the market has bottomed out. The upward climb will most likely be slow as people gradually begin to start spending again.