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Confidence in Queensland real estate is on the rise, according to state treasurer and minister for trade Tim Nicholls.
Pointing to the latest Property Council of Australia-ANZ Property Industry Confidence quarterly survey, he noted that property professionals have experienced a 17-point rise in sentiment between the March and June quarters of 2013 and pointed to a lift in residential real estate prices as evidence.
Sentiment in the previous quarter increased by eight per cent in Queensland.
Mr Nicholls said the improvement in confidence is particularly good news given that a key priority of the Newman government has been to revitalise the state's construction and property sectors.
Financial incentives, he said, have played a major role in encouraging consumers to take an active role in the state's real estate market.
One such move was the reintroduction of the Principal Place of Residence Concession - which could help families purchasing a home to save up to $7,000, as well as new measures implemented in the most recent state Budget.
Mr Nicholls explained: "As part of the 2012-13 Budget, we implemented the $15,000 Great Start Grant, which was all about stimulating activity in Queensland’s construction industry."
