News

Spring sees welcome boost for region's real estate market

SLASHED interest rates, a boost to the first home buyer's grant and the arrival of spring have all been touted as being behind a welcome boost to the Warwick property market.

Home loan approval rates are on the up, indicating that people are becoming more comfortable about making the commitment of buying a home.

Warwick real estate agents said they believed there were a number of factors behind the boost.

LJ Hooker owner and principal Rob Finlay said he had noticed a definite increase in both listings and interest in properties over past weeks.

"I think things have started to move and in the last couple of weeks we have seen activity in the $200,000-$300,000 price range," Mr Finlay said.

"The interest rates cut has kicked through and there is a bit more positivity in the industry."

Mr Finlay said potential buyers were realising the time is now and were serious about getting into a property and many opted for auction over a regular sale.

"Buyers are getting realistic about what the market is and hopefully we will get another interest rate cut soon, which will improve confidence more."

"We are seeing plenty of auctions, which are good because buyers can go through the house and make up their own mind about where the property sits and it's good for sellers because they don't have to accept what is offered."

Helen Harm Real Estate owner Helen Harm said a boom in interested buyers could be the result of the seasonal change.

"There are a lot of people looking for land and I think it is that nesting thing, spring is usually our busiest time of the year," she said.

Mrs Harm added that after years of patience, buyers were ready to pounce back into the action of the market.

"People are sick of waiting. They have been saving their deposit and it gets to the point where they say, 'we have the money and we have to do something about this'," she said.

"They're not making any more land and people realise that if they want land close to Warwick, they have to get in now while there is still some left."

Topics:  home, home loan, land, property, real estate, spring, warwick




Stay Connected

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

'I apologise every day that I am not the person he married'

My battle with postnatal depression...

'My husband lasted 6 weeks as a stay at home dad'

APN Hey Mummy Feature for online - stock images. Katie Dykes being interviewed for the webisodes. Photo Marc Stapelberg / The Northern Star

FROM the outside, being a stay at home mum looks like a breeze.

THE EXPERT: Stop judging working mothers

SUPER MUMS: Being a working mums comes down to perfecting time management.

"WORKING for money is all right; so is working because you want to.”

Health and nutrition with kids - how do you balance it?

HOW important is health and nutrition in your household?

Smack or no smack - where do you stand?

THE debate is reignited - is smacking acceptable?

Technology and kids: Do you ever cut their wi-fi?

Check out our new video series featuring mums having a chat

BREAKING: Department confirms new case of black lung

Black lung is and ongoing issue.

Fifty-five year old underground coal miner diagnosed

Southern Downs property threatened by blaze

Leyburn property threatened by flames

WATCH: Drones battle wild dogs in Southern Downs

TAKING FLIGHT: Southern Downs Regional Council pest management officer Craig Magnussen and Ninox Robotics managing Director Marcus Ehrlich show off the drone flown over a Goondiwindi region cattle property.

Drones flying high over Darling Downs for pest managment

Latest deals and offers

Burnett Heads housing development approved

COUNCIL APPROVED: A Burnett Heads housing development has been approved by Bundaberg Regional Council. Photo Contributed

Councillors approved the development seven votes to four

Three bedroom, 1100sqm block: Is this Qld's cheapest home?

BARGAIN BUY: Is this North Bundaberg property the cheapest home in Queensland?

Becoming a real estate mogul is all about risk and reward