Brisbane heating up
The latest fortnightly data from the Queensland Titles Registry confirms that transfers, mortgages lodged, releases of mortgages and discharges, and survey plans, are all now tracking at multi-year highs.
It has been a long steady recovery from the financial crisis, and particularly since the floods of January 2011.
It is worth remembering that thanks to the end of the mining construction boom Queensland is home to many of the most depressed and inactive housing markets in the country, such as in the Central Highlands.
The recovery is largely a Brisbane-driven phenomenon.
The data suggests that principal and interest transfers are driving the recovery, in turn suggesting that it is the homebuyer section of the market which is heating up.
In fact, you can already see this happening in the family friendly homebuyer suburbs of Brisbane.