The Real Estate Institute of Queensland (REIQ) is holding an event next week to help principals and property managers cope with increasingly difficult conditions.
According to the REIQ, more than 200 real estate agency principals will gather in Brisbane next week for the 2013 Aon Principal Licensee Luncheon.
The event will focus on the state of the economy as well as provide a cautionary tale on how to survive tough business conditions.
St George Banking Group’s chief economist Hans Kunnen will be speaking at the event, and said that the Queensland property market is finally finding its way back to the positive.
“The outlook for house prices is improving. Brisbane has one of the lowest vacancy rates in the country; it is under-supplied with housing; and the population rose by over 80,000 people in 2012. These people have to live somewhere,” he said.
“Consumer sentiment is on the rise as house prices stabilise and wealth is rebuilt following the slaughter of superannuation balances since 2008.
“Add to that low interest rates and the scene is set for a pick-up in home construction, home purchases and home prices. We may not see the boom of past years but things are picking up.”
Also speaking at the luncheon is Stephen Milne, the brand and communication director of Riviera – the luxury boat-builder which went from boom to bust during the global financial crisis but is now back operating again.
The 2013 REIQ/Aon Principal Licensee Luncheon is on from 11.30am to 2pm on Friday 8 March at Hillstone St Lucia in Brisbane.