Property statistics on the rise
NEW figures indicate the Fraser Coast unit and townhouse market has maintained its value across 2010-2011.
The median price in both those years for units and townhouses was $275,000.
Despite a quarter on quarter slide of 15% in the 2011 December quarter, the 0% change in median prices across a two-year period suggests the bottom of the market may have been reached.
''What we are starting to see is that as 2011 progressed, so did confidence levels in our property market with prices beginning to strengthen," Real Estate Institute of Queensland CEO, Anton Kardash said.
''Thousands of first home buyers brought their buying decisions forward when the First Home Owners Boost was available in late 2008 and 2009.
''Their numbers then hit historic lows in 2010 once the boost was no longer available so what we are seeing now is a return to more normal levels of first home buyer activity, which is very positive for our market."
Best performing suburbs on the Fraser Coast outstripped the regional median price in the 2011 December with Pialba, $282,500, Urangan $280,450, and Torquay $257,500 performing solidly.
Pialba was the only suburb to register an increase in median price of townhouses and units 2010-2011, bounding up 13% in value.
The REIQ quarterly Queensland Market Monitor, which tracks median property prices and rents across the state, found that prices in the fourth quarter of last year rebounded in most areas of South East Queensland.
There are more than 5,000 listings for Queensland units and townhouses currently for sale under $350,000 according to reiq.com.