Vendors show confidence in real estate market

IN a vote of post-election confidence, homeowners have put their for sale signs up in force across Queensland this week.

Another new listing, 171 McIlwraith Ave, Norman Park. Offers over $1,065,000.

IN a vote of post-election confidence, homeowners have put up their for sale signs in force across Queensland this week with a spike in new listings.

Real Estate Institute of Queensland (REIQ) chief executive Anton Kardash said new property listings on reiq.com had jumped a staggering 40 per cent since last Thursday compared with the same period before the election, with more on the way.

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"Nearly 6000 of the 95,000 listings on reiq.com over the past week are for new properties, which is a huge increase on the week before," Mr Kardash said.

He said spring was shaping up to be a spectacular selling season.

"We have predicted for some time that once the election was behind us and there was a majority government elected, then the Queensland market would kick into third gear," he said.

"Sales volumes are also increasing, interest rates are low and consumer confidence is on the rise."

Another new listing, 171 McIlwraith Ave, Norman Park. Offers over $1,065,000.

In Brisbane, Belle Property Bulimba principal Paul Brinckman said there was undoubtedly a change in the market air.

"So many people have been thinking, 'let's leave it till after the election' and now the stock they've been holding on to is finally coming onto the market," he said.

"We've had three or four new listings this week and along with the usually busy spring season, the numbers at inspections are also very high."

Among the new listings are 35 Elwell St, Morningside - see listing here - and 171 McIlwraith Ave, Norman Park - see listing here

Denovans Mitchelton sales agent Michael Mills said his office had half a dozen listings ready to be marketed once the election was over.

"It seems like everyone was waiting for the polling day and was getting their home ready for sale after that," Mr Mills said.

"There should be plenty more properties coming on to the market over the next week."

New listing 42 Lindfield St, Parkinson is priced at $549,000 with LJ Hooker Sunnybank Hills.

After listing three new properties on Monday, LJ Hooker Sunnybank Hills agent Jason Gegg was also enthusiastic about the spring season.

"There is definitely more confidence in the marketplace," he said.

"Plus with the spring season, people are always more inclined to get out and about."

Go Gecko Inner North sales agent Casey Flouch expected buyer interest to remain strong as more vendors entered the market.

"All the signs are good and the next three months should be very exciting," Mr Flouch said.