Gloomy coastal QLD unit and townhouse market improves

Font size :

Buyers are getting back into the once quiet unit and townhouse market along the Queensland coast, sensing a bargain.

Some coastal markets are now seeing prices rise again, according to the Real Estate Institute of Queensland (REIQ).

“The top end of the market is becoming increasing popular as buyers take advantage of some good opportunities,” said REIQ Chairman Peter McGrath.

Sales numbers in the March quarter were up in Brisbane, Gold Coast and Sunshine Coast, while prices were increasing in Townsville, Mackay, Gladstone and Sunshine Coast, according to the REIQ.

McGrath said units and townhouses in prime Gold Coast waterfront suburbs, abandoned in the recent past by buyers, have seen a return of activity.

Areas such as Broadbeach, Burleigh Heads, Tugun, and Surfers Paradise all recorded median price increases in the March quarter.

“These waterfront locations have staged a comeback,” said McGrath.

Whether you are looking to buy your first home, move home, refinance, or invest in property, a mortgage broker can help. Access loans from all the major lenders, get help with paperwork – plus there is no charge for this service. Get help from a local mortgage broker

Mortgage News and Articles

How to tell when a housing market is cooling How to tell when a housing market is cooling

You need to check clearance rates, listings, and the price gap, among other factors Read more

Growing demand for green apartments in Sydney Growing demand for green apartments in Sydney Both owner-occupiers and investors favour eco-friendly buildings for their energy-saving features and reduced environmental footprint ... Read more

Are property investors as rich as they appear? Are property investors as rich as they appear? A multi-property portfolio doesn’t guarantee easy millions ... Read more

Be proactive about getting a better mortgage deal Be proactive about getting a better mortgage deal Apathy could be costing you a considerable amount of money over the lifespan of your loan ... Read more

More mortgage news and articles

Sponsored Links

Wednesday, Sep 20, 2017
Top Featured Rates
Top Bank Rates

Get help choosing the right home loan

Let us help you find the right home loan for your needs.

Tell us a bit about your circumstances:
  • Purpose of mortgage
  • Household Income
    $
  • How much do you want to borrow?
    $
  • How much deposit do you have?
    $
  • How much is your house worth?
    $
  • How much do you still owe on your mortgage?
    $
  • What type of mortgage do you have?


  • How much is your new home?
    $
  • How much do you want to borrow?
    $
  • How soon do you want a mortgage?
Next
  • First name
  • Last name
  • Where do you live?
  • Phone number

Special Offers

Related Keywords