The house and unit market in Mudgeeraba are both trending sideways for the year.
There is definitely a shift in the market this year, but whether this leads to a longer term downturn in the local market is still too early to determine.
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Merrimac house prices seem to be going through a year of price consolidation after 5 years of steady growth.
Units in Merrimac, however, have declined significantly and the "supply" seems to still be increasing which does increase the risk for further declines.
The end of the year is fast approaching and this has certainly been an interesting year for the property market. With significant decreases in both Sydney and Melbourne, most people are wondering what will happen in the future and how this will effect the property market on the Gold Coast.
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There are a lot of different messages out in the media with regards to the future of real estate prices in Australia. Some are predicting a doomsday scenario and others are more optimistic. The numbers, however, do not lie and below are the numbers for Mudgeeraba.
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