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Demand for homes in Queensland increases

Queensland property has become increasingly popular in recent months.

The Real Estate Institute of Queensland (REIQ) has claimed demand for homes across the state has increased in recent months.

An upturn in buyer activity has been seen in the third quarter of the year, stated REIQ chief executive Anton Kardash, with the average property sale price currently standing at AU$350,000.

"Units and townhouses continue to be reasonably priced and also a preferable option for many buyers who want the convenience of living closer to the city while also keeping a lid on their borrowings," he commented.

Mr Kardash added that lower-price homes are also proving exceedingly popular with buyers at present, with more than 800 such properties sold during the September quarter.

Meanwhile, the Housing Industry Association-Commonwealth Bank of Australia Housing Affordability Index for Q3 this year recently showed a 5.3 per cent increase in affordability for homes across the country in comparison to the previous quarter.

Posted by Steve Douglas

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