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Queensland Home Sales Rise

Thursday, April 24, 2014

 

According to recent data from the Housing Industry Association, Queensland home sales went through the roof in February and increased by 17.5 per cent! 

A recent RP Data report also proves Queensland property sales have been booming. Since January, more than 10,500 properties have sold in Brisbane. This means an average of 116 properties sold per day.

Western Australia also recorded strong sales growth of 9.3% per cent.

Although new home sales and building approvals were more popular in New South Wales and Western Australia before, new home sales are increasing across Australia by 4.6 per cent in February.

Detached home sales decreased by 6.9 per cent across Australia, while multi-unit sales increased by 6.8 per cent. Queensland and Western Australia recorded the top sales figures for detached homes, while Victoria came in 2nd with a 8.8 per cent increase.

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