AUSTRALIAN Bureau of Statistics have released findings that an increasing number of Queenslanders are being approved for home finance. For the sixth month in a row the number of Queenslanders approved to buy their own home has grown.
Queensland also recorded the strongest growth in housing finance of all states and territories.
Treasurer Curtis Pitt was buoyed by these new figures, “It is an encouraging sign for the state’s property market but is also more hard evidence that confidence in Queensland’s economy is continuing to strengthen.”
Ray White Maroochydore director, Dan Sowden, said “We are seeing a general business confidence about our local economy and the future of the Sunshine Coast as a whole.”
“With unprecedented development occurring on the Sunshine Coast, our first quarter of 2016 has been the strongest we have seen in the present market.”
“Our market has started 2016 as quickly as it finished 2015. With some of the best property now coming to the market and buyer inspections peaking, we expect another strong quarter of sales growth to come.”
“Homeowners are again leading the way when it comes to buying property. Whilst investors are still active, they are reluctant to outbid or out offer an owner occupier who is willing to pay a larger premium for the property” said Mr Sowden.
Important Update: New Seller Disclosure Requirements from 1 August 2025 From 1 August 2025, a new statutory Seller Disclosure Regime will take effect across Queensland as part of the implementation of the Property Law Act 2023. This legislative reform is designed to enhance transparency, reduce contract disputes, and ensure that … Read more
December Market Monitor: Ray White Coastal Living Network The Ray White Coastal Living Network’s December Market Monitor reveals a dynamic end to the year, with notable shifts in buyer activity, auction results, and private treaty sales. Here’s a snapshot of the key trends and insights from the quarter. Auction Market … Read more