Queensland’s residential property market has regained some of the ground it lost following the natural disasters earlier this year, according to the Real Estate Institute of Queensland (REIQ).
The REIQ June quarter median house price report (that deals with houses, not apartments) found that preliminary sales numbers in many areas across the State are on the road to recovery, however, property price growth remains relatively subdued.
While the preliminary number of house sales in Brisbane over the June quarter was up seven per cent compared to the March quarter, the standout for increased house sales in South East Queensland was the Logan region, which recorded a 22 per cent increase over the period.
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