Confidence in national real estate market continues to grow
The December quarter is expected to be a strong period for the Australian property market, with the ANZ/Property Council Confidence Survey Index recording a positive outlook on both property values and future construction. This result shows the market is moving in the right direction, which could result in great news for both buyers and sellers of Burpengary real estate over the coming months.
This extends to both residential and commercial property, with Queensland's confidence index rising by seven points up to 143. This signals the 5th consecutive quarter of growth for the region and places the state well above the national average for positive growth.
Property Council of Australia executive director for Queensland Chris Mountford said the general trend across the state was expecting continued growth well into 2015 for both retail, industrial, residential, hotel, and retirement real estate.
"In a positive sign for the Queensland economy, respondents expect strong growth in their forward work schedule and staffing levels over the next 12 months," said Mr Mountford in a 16 October statement.
With these figures expected to permeate through the state, now could be a great time to get in touch with a local real estate agent and consider purchasing your own Burpengary property today.