Better open home numbers signal stronger Qld

Open home attendee numbers are up in Queensland as property buyers snap up homes in record time, according to a number of agents.

In Brisbane’s north Kim McHardy, principal of Raine & Horne Chermside, said that buyer attendances have surged by 10 per cent since Christmas.

“Residential sales have picked up in 2013, with buyers noticeably preferring houses over units,” said Mr McHardy.

“Houses are in vogue at the moment and most homes appearing on the market are turning over fairly quickly.”

Mr McHardy said his office recently sold a four-bedroom modern residence in just 24 hours, for an asking price of $820,000.

“We had five groups through this home at the first inspection and we sold it the very next day,” said Mr McHardy.

Recent data from the Real Estate Institute of Queensland (REIQ) suggests property is beginning to move in the Sunshine State, with units and townhouses particularly popular.

According to RP Data's most recent Property Market Indicator, to the week ending April 14, the total number of listings in Brisbane are down 7.7 per cent on-year at 23,495. These results are calculated across properties that have been advertised for sale over the past 28 days.

Christie Leet, principal at PRDnationwide Whitsunday office, said attendee numbers at his open inspections have increased by almost a third.

“Attendee numbers are definitely up - I’d estimate around 30 per cent for our business," he said.

“The best part is that those people who attend the inspection are translating into faster sales times – so the market’s moving along quite well.

“We’ve sold more than a property a day since the beginning of March, which is considerably better than last year,” Mr Leet told Real Estate Business.

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