Cairns and Toowoomba among top real estate performers

Posted March 11, 2015

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Cairns and Toowoomba are among the state’s star real estate performers, fuelling hopes of a revival in Queensland’s remaining key real estate markets in 2015.

“Despite the downturn in the mining sector and the ongoing drought in parts of Queensland, there are also encouraging signs in other parts of the state,” REIQ chief executive officer Antonia Mercorella said.

“Local agents in Gladstone, Mackay and Rockhampton are reporting early signs of improvement since the start of the year.

“Median house prices in Townsville and Bundaberg also edged up in the December quarter, with sales volumes up on the Fraser Coast.”

Ms Mercorella said the unit and townhouse sales market was also performing well.

“Throughout Southeast Queensland and in Cairns and Toowoomba, unit sales were up significantly compared to the previous year,” she said.

Brisbane’s median house price has also smashed the $600,000 barrier for the first time.

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