Queensland property market continues revival

Queensland property market continues revival

Posted on Thursday, January 16 2014 at 4:27 PM

New data shows the Queensland Titles Registry recorded a strong increase in the number of lodgements last year.

The government says there was an average of
3240 lodgements per day in December, which is well above the overall daily
average of 2640.

Andrew Cripps, Minister for Natural
Resources and Mines, says the figures are encouraging for the state’s property
sector and shows growing optimism.

“Construction is one of the four key
pillars of the Queensland economy and strong property market activity is great
news for economic growth and jobs in this sector,” Cripps says.

The majority of lodgements in December were
title transfers, he says, most of which were property sales, new mortgages and
mortgage releases.

New lot creations also steadily increased
last year, with an average of 3460 new lots being created per month for
building projects such as subdivisions and housing developments.

“This compares with the 2012 monthly
average of 3240 lot creations,” Cripps points out.

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