Figures reveal spike in home sales
HOUSE sales in Ipswich rose by 30% for the September quarter - putting the region's market amongst the strongest in Queensland.
The figures released by Real Estate Industry Queensland (REIQ) this week were spurred on by bargain hunters snapping up homes which had fallen to a two-year low in price.
A combination of cheaper flood- affected homes, vendors dropping their prices and curious buyers pushed up sales and inquiries.
REIQ Ipswich chair Peter Mendoza said September was his busiest month since last March.
He moved to quell speculation the market was booming again, describing it as sporadically increasing.
The figures remain 20% down on the same quarter last year.
"It started to come back in May and June but not consistently. We would have good weeks and bad weeks," Mr Mendoza said.
Ipswich remained an affordable option for Brisbane people.
"We have always been 30% cheaper than Brisbane and always been attractive to first home buyers. It will be more attractive once the motorway is finished," he said.
Silkstone resident Christine Bray was one buyer who purchased a home in the September quarter.
She bought a home in Margaret St after her previous home was flooded in January.
Ms Bray had been looking for a new home since January and found the home that suited them after a long search.
Professionals sales consultant Gary Auld agreed the Ipswich market was one for buyers.
"We get a lot of young couples from Brisbane who can't afford the Queenslanders and come here and get a bit of a bargain."
Mr Auld said over-priced houses just weren't selling.
He said Ipswich offered better value for money than Brisbane.
First National sales consultant Peter Ferrett said homes which filled with flood water were stripped and sold for $150,000.
Buyers would invest $50,000 renovate them and rent it for $300 a week.
The September quarterly sales up 30%
House sales are down 20% on the same time last year
The median Ipswich house price is $300,000