Good Signs for New Year
As the local market continues to remain strong, Toowoomba is poised to reap the benefits from major infrastructure projects and growing investor confidence.
The REIQ Queensland Market Monitor (QMM) shows the median house price in Toowoomba rose another 1% on the back of 4% sales growth for the September quarter.
Toowoomba continues to record strong sales activity with volumes up 21% on the June quarter.
RE/MAX Success sales consultant Tiffany Krause confirmed pre Christmas activity remained buoyant and expects this trend to continue in the New Year as relocations peak between January and Easter.
Miss Krause said listing numbers have also begun to improve reflecting a sign that vendors are becoming increasingly confident about current selling conditions in the Toowoomba market.
“With greater choices, competitive pricing complimented by astute internet and newspaper marketing will be paramount to achieve a reasonably quick result,” Miss Krause added.
“ It is a well established fact that new infrastructure drives investor confidence and real estate sales activity. Where ever you drive around Toowoomba there is evidence of major infrastructure projects underway and new residential accommodation under construction both in the city centre and suburbs. The new Wellcamp Airport has been a huge catalyst in driving consumer confidence. Bring on 2015!” Miss Krause exclaimed.