21 May 2012

Queensland’s property market is starting to emerge from the doldrums, posting positive results for the first time in 18 months.

Sales are up, and property prices across much of the state are increasing.

State-wide, mining towns still performed well, but tourism centres also made a comeback, with the Fraser Coast the top performer of all major regions.

Median house prices here grew 7.8%$ during the March quarter, and the number of transactions was up 42%.

The latest Real Estate Institute of Queensland median house price data has also revealed the number of homes selling during the quarter is 6% higher than at the same time last year.

While many medians throughout the state are still down on 12 months ago, the quarterly results are the first signs the market is starting to recover, says REIQ chief Anton Kardash.

To read the full story follow the link below http://www.heraldsun.com.au/money/property/queensland-house-prices-rise-for-first-time-in-18-months/story-fnbpe2tv-1226360894783