Residential
Explore
Queensland treasurer Tim Nicholls has welcomed recent data which shows confidence in the state's real estate and construction sector has risen.
The Property Council of Australia-ANZ Property Industry Confidence March quarter survey found there was an eight point rise in the index - the country's second greatest improvement behind Western Australia.
Mr Nicholls said: "The growth in confidence for house prices was particularly pleasing, as it marks the second consecutive quarterly surge and the highest level of optimism since the survey began.
"As part of the 2012-13 Budget we implemented a $15,000 First Home Owners Construction Grant, which was all about stimulating activity in Queensland's construction industry."
The treasurer added that Queensland families are also saving $7,000 when they buy a home by reintroducing the Principal Place of Residence Concession.
It comes as Australian Bureau of Statistics data found that financial commitments for the purchase of real estate for investments or resale in Queensland totalled $1.12 billion in November.
That is a 13 per cent jump on the monthly average up until October of 2012 and $200 million more than in October as well.
Mr Nicholls said that this is as pleasing sign that the housing industry is improving, with investors re-entering the market.
