The number of people investing in Australian property in the Queensland market is beginning to increase after a couple of lean years, an expert has suggested.
Real Estate Institute of Queensland (REIQ) chairman Pamela Bennett told the Sydney Morning Herald the state's property sales look to be on the rebound after a difficult period.
She pointed to figures showing that first home buyers are re-engaging with the market as crucial to this recovery, helping increase market fluidity and boosting sales across the board.
Activity from this demographic has increased by more than 35 per cent since last year, according to Ms Bennett.
Furthermore, investors purchasing homes to rent out also returned to the market over the last six months, increasing optimism that the state could be emerging from its slump.
The Reserve Bank of Australia recently cut its rates in a bid to stimulate the economy, with particular focus on the struggling housing market.
Posted by Craig Francis