The property market is extremely vibrant at the moment on the Gold Coast!
Stock levels remain at record lows and the number of buyers through our open homes has increased dramatically in the past few weeks, to the level it was at the peak of the price increases during the "covid" market.
With its pristine beaches, world-class surf breaks, and vibrant city life, the Gold Coast QLD offers a lifestyle that is second to none. But it's not just the lifestyle that makes the real estate market here shine – it's also the lucrative investment potential.
Investing in the Gold Coast QLD real estate market presents a unique opportunity for both local and international buyers. From luxurious waterfront properties to high-rise apartments with stunning ocean views, there is a diverse range of options to suit every investor's needs.
In this article, we will explore the key factors driving the growth of the Gold Coast QLD real estate market, such as population growth, infrastructure developments, and the booming tourism industry. We will also provide expert insights and tips to help you navigate this competitive market and maximize your return on investment.
Read MoreWith so much change in the property market over the past 3 years we are currently seeing a stabilisation of price, with prices trending sideways for the past few months in most suburbs.
Stock levels remain low and for the time being, this seems to be balancing the downward pressure of the high interest rates.
I have created a new graphic with the graphs of Supply, Demand and Price superimposed on the same timeline, highlighting the relationship between the market forces and price.
Much to the surprise of many, the property market has remained surprisingly strong on the Gold Coast. This is being driven mainly by the incredibly low stock levels and demand from buyers is still fairly robust.
We have seen a reverse in the decline of property prices in Robina, with both houses and units increasing in price over the past 3 to 5 months.
The median price for apartments in Robina has remained fairly resilient, moving sideways from June 2022 to November 2022.
Demand remains steady and strong. We had approximately 10 people per open home in February. This needs to be seen in the context that we used to have approximately 4 people per open home prior to 2021.
The property market in Robina has well and truly changed direction over the past 6 months, with the median property price for houses having moved down by $130,000 from $1,240,000 to $1,110,000 from June 2022 till November 2022.
The median price for apartments in Robina has remained fairly resilient, moving sideways from June 2022 to November 2022.
Demand remains steady and strong. We had approximately 10 people per open home in February. This needs to be seen in the context that we used to have approximately 4 people per open home prior to 2021.
When buying or selling a home, you must sign a Contract. Frankly, whenever signing a Contract of any kind you should seek legal advice, especially when it comes to buying an asset that, for most people, will be the biggest assets of their lives. There are a number of pitfalls that, unless you are familiar with property law and conveyancing, you just could not know.
Read MoreThe Robina and Gold Coast property market continues to perform exceptionally well with all the fundamentals driving the growth remaining consistent at the moment. Talk of high inflation rates and interest rates increasing has not impacted the local market yet.
Demand remains steady and strong. We had approximately 10 people per open home in February. This needs to be seen in the context that we used to have approximately 4 people per open home prior to 2021.
The property market on the Gold Coast has had an incredible year of growth in 2021, with stock levels having remained very low over the year and buyer demand seeming to be endless. The start to 2022 has been very strong, however, there are a few subtle indicators pointing to a possible slow down or levelling off in the market.
Read MoreThe Robina and Gold Coast property market continues to perform exceptionally well with all the fundamentals driving the growth remaining consistent at the moment. Talk of high inflation rates and interest rates increasing has not impacted the local market yet.
Demand remains steady and strong. We had approximately 10 people per open home in February. This needs to be seen in the context that we used to have approximately 4 people per open home prior to 2021.
The property market on the Gold Coast has had an incredible year of growth in 2021, with stock levels having remained very low over the year and buyer demand seeming to be endless. The start to 2022 has been very strong, however, there are a few subtle indicators pointing to a possible slow down or levelling off in the market.
Read MoreThe property market on the Gold Coast continues to power ahead with no signs of slowing down at this point other than the longer term increase in interest rates charged by the bank.
Read MoreAll the veteran agents in our office are saying that they have never seen a market like this. The big question most people are asking is "when will it come to an end?".
I don't have a crystal ball, but I do have the numbers and information below which explains what is driving the market and the situation at present.
Read MoreTwo months ago I wrote that most property owners are asking the question "when will it come to an end?", with regards to the rising market and at the moment it is still showing no signs of slowing.
Read MoreAll the veteran agents in our office are saying that they have never seen a market like this. The big question most people are asking is "when will it come to an end?".
I don't have a crystal ball, but I do have the numbers and information below which explains what is driving the market and the situation at present.
Most people are very happy to see the back of 2020 and the year was certainly full of surprises, not the least surprising was the property market that confounded most experts and reacted contrary to most predictions by performing very well over the crisis.
Read MoreIt would be an understatement to describe our current times as being unpredictable. With the situation changing on a daily basis, it has become confusing and daunting for property owners to make decisions.
The following report highlights what has happened in the property market and what the current situation is. I will not speculate on the future as we are in unprecedented times and nobody can predict what is to come.
With all the uncertainty relating to shutdowns and a possible lockdown, you may be wondering what happens if the Government were to announce that all property settlements, both paper (physical) and electronic, were to cease. As the situation currently stands with the shut downs (29 March 2020), property settlements can occur as per usual.
While it is foreseeable that future Government lockdown/social distancing policies could cause or require traditional paper/physical settlements to cease…
Read MoreThere has been a major shift in the Robina property market recently. Usually stock levels increase significantly as we enter the spring selling season, however, this year the increase has failed to materialise. The low stock levels (see graph below) is having a significant influence on property prices and buyer sentiment.
Read MoreIt is quite clear now that Mudgeeraba has been in a declining market since the beginning of 2018. This has followed the trend of the greater Gold Coast region.
Even though we haven't seen much of a drop in stock levels in Mudgeeraba, we have seen a significant reduction in stock levels across the coast and this could help to stabilise prices.
It is quite clear now that Varsity Lakes has been in a stagnant market since 2016. The suburb has however bucked the trend, with most of the Gold Coast declining over the same period.
At the present time, the considerable decrease of stock on the market should help to support prices.
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