Property Market Update for Carrara, Gold Coast - July 2018

Houses - Carrara

The following is the growth chart for houses in Carrara. A noticeable trend is the visible slowdown of price growth in the current year, -2.3% for the 47 sales that have been recorded so far. We have seen good consistent growth in prices since 2013, however, there has been a decline in the average price of houses sold in the first few months of this year. The 12 month average price, year on year, is still up 4.8%.

Units - Carrara

The following is the growth chart for units in Carrara. After 5 years of price growth, it looks like we have moved into negative territory. There has been a full year decline in 2017 of -0.5% and a decline for the year so far of -3.2%. The 12 month average price, year on year, is down -6.2%.