Global Power | Local Knowledge | Uniquely Personal
All Articles News FAQs Videos
中文

Queensland property market 'could be stabilising'

A report from the REIQ has suggested the property market in Queensland could be on the up.

Queensland is stabilising its position in the Australian property market as it begins to recover from the natural disasters which damaged it last year, according to the Real Estate Institute of Queensland (REIQ).

 

 

"Last year was a very tough one for everyone in Queensland with the series of natural disasters having a drastic impact on our economy as well as on confidence levels overall," said REIQ chief executive Anton Kardash.

 

 

However, he expressed optimism at the future of the market, claiming it appeared to have bottomed out to some extent and is likely to improve over the coming year.

 

 

Furthermore, the rates cuts made by the Reserve Bank of Australia in the closing months of last year are likely to have a positive impact on investment in the state over the course of 2012.

 

 

The Liberal National Party recently pledged to cut red tape in Queensland as part of a bid to stimulate the region's economy and create jobs for the area.

 

 

Posted by Craig Francis

- property, REIQ, RBA, economy, investment, disaster, flood

DISCLAIMER: All information provided is of a general nature only and does not take into account your personal financial circumstances or objectives. Before making a decision on the basis of this material, you need to consider, with or without the assistance of a financial adviser, whether the material is appropriate in light of your individual needs and circumstances. This information does not constitute a recommendation to invest in or take out any of the products or services provided by SMATS Services (Australia) Pty Ltd or Australasian Taxation Services Pty Ltd.

COPYRIGHT: All information provided is protected by international copyright laws. You may not copy, reproduce, distribute, publish, display, perform, modify, create derivative works, transmit, or in any way exploit any such content, nor may you distribute any part of this content over any network. Copying or storing any content is expressly prohibited without prior written permission of SMATS Group or the copyright holder identified in the individual content's copyright notice. For permission to use the content on please contact info@smats.net.

中文

Subscribe Now