Brisbane's property market showing "green shoots" of recovery

Brisbane's property management programs might be pleased to hear that the region's investors have gained confidence over the last financial period, with increases in both preliminary sales and solid price growth.

The Real Estate Institute of Queensland (REIQ) has released some figures from the June quarter that show promising results for the industry.

REIQ chair Pamela Bennett said that the markets in the capital city were "on the mend", with the number of sales in Brisbane up seven per cent.

Bennet asserted: "The green shoots of recovery in our property market - which have started to appear only one quarter on from our summer of natural disasters - provides some good news for buyers and sellers and agents."

According to the institute report, the only reason that Queensland is still suffering from a so-called soft market is the influence of international economic factors and global uncertainty.

A number of suburbs near Brisbane have recorded rises in the median house price, with Brighton - only 20 km from the city centre - realising a 9.1 per cent increase at $405,000.

This change could be the result in a shift of attitudes by families, with homebuyers interested in a more 'outdoorsy' lifestyle and investors capitalising on this trend.