The number of ‘rising’ property markets across Queensland has soared, spurred on by a lack of supply and a frenzy of eager buyers.
The latest Price Predictor Index by Hotspotting has revealed that the number of rising markets in Greater Brisbane has “quadrupled” since the last quarter, and “doubled” across regional Queensland.
Regional Queensland now has 157 locations identified as rising markets, up from 72 last quarter.
“We now have 157 locations across regional Queensland with rising sales activity, which
represents 70 per cent of all locations ranked in this report,” the report revealed, noting there were now growth markets right across the state.