The market remains stable with steady if not spectacular sales activity. The trend, of more investor engagement in the market place, has continued to gather momentum. Experience has taught me that increased investor activity precedes market improvement. It will be interesting to monitor this correlation in the coming months. Queensland’s Demographics with increasing population will bring pressure to bear not only on house prices but also on the demand for rental accommodation. We are already seeing increased competition for quality rental accommodation and very low vacancy rates.
Until next time….