Confidence 'returning' to QLD property market

Confidence is returning to the Queensland property market, according to research published last week by the Property Council of Australia and ANZ.

The Property Council-ANZ Property Industry Confidence Survey showed that sentiment toward the state's property market was increasingly favourable - a change from the September quarter survey.

Covering the three months ending December 2011, the survey indicated that "confidence in Queensland is on the rise", according to Kathy Mac Dermott, Queensland Executive Director of the Property Council of Australia.

She explained this was not the case three months ago.

"The September quarter survey suggested that sentiment in Queensland was more closely aligned to the southern states and not the prosperous growth states of Western Australia and the Northern Territory," Mac Dermott noted.

But just a few months on, the situation is markedly different.

"Queensland experienced the second highest increase in confidence across the country," she said.

This could suggest that Queensland property investment may be well worth considering at the present time - although Mac Dermott also noted that many survey respondents acknowledge the upcoming state election, which will take place during the first half of 2012, will affect their decisions.

Nonetheless, an improved 2012 could be an interesting time to investigate availability in the Brisbane investment property market.

Posted by Tyler Wyndham