News

Property market to pick up

PROPERTY experts have warned the window of opportunity to buy cheap real estate in south-east Queensland is going to close within the next six months.

But, before you start swiping the credit card and buying everything in and out of arm's reach, Stuart Wade of Wade Real Estate isn't convinced.

"It's still very much a buyer's market and (to say it's going to change) is like looking into a crystal ball - you just don't know," Mr Wade said.

He said he had not noticed a steep incline in the market to replicate what experts suggested, but there was a chance it could pick up.

"Here in Warwick, I haven't noticed an increase in prices, but the sales team has been pretty busy with contracts," Mr Wade said.

"I think it will stay the same for a while, for the next 12 months or so, then hopefully after that things will improve."

LJ Hooker principal Rob Finlay said he had noticed the market picking up, but that didn't mean an overall boost in the market was a sure-fire thing.

"Inquiry has definitely picked up but whether that leads to prices going up on properties, I'm not entirely confident of that," Mr Finlay said.

He said although he was not sure the buyer's market would completely flip within the next year, confidence needed to be restored in order for anything to happen.

"It's all positive but what we need to do is create confidence in the market," Mr Finlay said.

"It's been lacking that confidence and (once it's restored) it will transpire to sales."

Mr Finlay said anyone wanting to sell a home should get a proper valuation done before pasting a price on it.

Topics:  market, property, real estate




Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

4 things to try in Warwick this week.

The Criterion Hotel is a fixture of Warwick entertainment on Palmerin St. Photo Sophie Lester / Warwick Daily News

Hmmm, what to do this week?

Glyn Rees, a coffee, a new life and a pile of books

REFLECTION: Glyn Rees relaxs at a favourite spot in Allora.

Glyn Rees is getting used to a slower paced life

Lost photographs searching for an owner

LOST: Nic McMahon with the old photos she found in Rose City Shoppingworld carpark last Thursday.

Do these photos belong to you?

Latest deals and offers


Crushing success at Stanthorpe festival’s milestone

The Apple and Grape Harvest Festival has had another successful year

The best retro movies of the week? May 27 - June 3

Gregory Peck Photo Contributed

This week TV fan get to see Tom Cruise in a 1980s classics

Warwick High student named as hockey nationals umpire

Interview with Warwick High student Isaac Johnson who has been named as an umpire...

Start of Pentath-run wheelchair race in Warwick

Start of Wheelchair race at Pentath-run 1500

Warwick Hospital Get Up Petition

Deuchar resident Trevor Ives is heading up a GetUp petition against Federal Government cuts of as much as $62.8 million to funding at Warwick Hospital. Photo Jayden Brown / Warwick Daily News

Deuchar resident Trevor Ives talks about a GetUp petition calling for no cuts to...

Own Sunshine Coast property? You’re about to make money

UP AND UP: Property owners are likely to win from rent and price increases but tenants and first home buyers might not be so happy. Photo: Brett Wortman / Sunshine Coast Daily

Good new for property owners, not so good for buyers and tenants.

Sale nears on last large block of land in Coolum

The 43.37ha property on South Coolum Rd has sold.

South Coolum Rd property to be land banked