Fraser Coast: Property leader sold on steady market
THE Fraser Coast's steady property market looks set to continue next year - and one of the region's real estate experts says, bring it on.
REIQ Fraser Coast zone chair Damian Raxach said the stable prices of 2015 were a welcome shift from the "boom and bust" economy of the past.
The trend was reflected in the REIQ September quarter figures released today as part of the Queensland Market Monitor report.
The September data showed the median house sale price was $300,000 - a 0.2% increase on the previous quarter - and there was no change in sales activity.
"It's been one of the most steady markets we've seen," Mr Raxach said.
Mr Raxach said buyers were seeing extreme value for money, with beautiful beaches and new health facilities luring people to the area.
"Buyers are buying with confidence and agents are confident," he said.
"The feeling in the marketplace on the Fraser Coast is good."
There were 300 house sales during the September quarter and 75 acreage properties.
Maryborough had the highest number of house sales with 50 properties, followed by 27 in Urraween.
Pialba recorded the biggest median price rise on the previous quarter of 10.4% to $286,500.
Mr Raxach welcomed the "stable environment" and said he expected it to continue.
"We're known as a boom and bust economy here and we're got to drop that and move forward a little bit more," he said.
"We don't want to see prices to jump by 25 % then drop by 25%."
He also noted there had been a "minor return" of investors to the unit market this year.
"In the last six years the unit market has been very flat, so seeing a few investors coming back is good," he said.
With a new year approaching, he does not anticipate any major changes in the market.
"I think it will be more of the same, and bring it on." - APN Newsdesk