Property stock in Queensland on the slide
While much of the focus in the housing market stays on whether it's a great time to buy investment property in Queensland or not, it's also important to know when it's a good time to sell real estate. This isn't just something to benefit those who already own real estate either – if sales are strong then it can be a great incentive for more people to jump onto the property ladder.
And judging by the latest figures, Queenslanders are making some very positive capital gains at the moment.
Taking stock of the market
The Real Estate Institute of Queensland (REIQ) recently released its Residential Rental Survey, which tells us just how many houses there are on the market. This doesn't just show whether people are buying and renting homes, it can also give a healthy idea of how many Queenslanders are selling their properties too.
Over the end of 2014, there was a slight shortage in Queensland rental property stock – showing there are actually fewer properties on the market. The REIQ said this trend was likely due to investors selling up to owner occupiers, while vacancy rates were still showing tight levels.
Either way, it suggests that owners of Queensland investment property have been making the most of good conditions, and are selling their homes for a tidy profit.
The REIQ said this sort of change in rental availability is also common over Christmas, so anyone who is interested in buying investment property in the Sunshine State shouldn't be worried about finding the right new house.
Taking stock of the future
Despite investors not picking up a great deal of new property in December, the building approvals from the Australian Bureau of Statistics have got some good news for everyone. While there wasn't a big increase in new homes being green-lit for the country, it was the seventh month in a row that the number of new homes has increased.
This means a consistently growing level of market stock, enabling budding investors to take their pick from a wide range of homes. In Queensland in particular, there was a 0.8 per cent boost in the number of new houses given the green light for construction.
So overall, even if less investors bought homes in December, there's a an ever-increasing number of opportunities to move ahead. Making capital gains through property is a reliable and effective way of getting ahead financially and if it is right for you, these figures are something to always stand up and take careful notice of.