Real Estate Market Update - Robina - November 2019

There 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.

Houses - Robina

As can be seen clearly from the graphs below, there has been a decrease in the median sales price for houses in Robina over the past year. Pricefinder showing this drop to be -5.8% and CoreLogic showing it to be -6.8%.

Days on market has also increased steadily since 2016, giving supporting evidence that the market has softened.

Percent stock on market shows a significant drop in recent months down to the lowest levels seen for over 10 years.

These low levels of stock are changing the supply / demand dynamics with buyers and have lead to some record prices being achieved by our office lately!

Sales statistics for houses in Robina, Gold Coast, Queensland

Median value for houses in Robina over the past 10 years.

Median value for houses in Robina over the past year.

Median days on market for houses in Robina, Gold Coast, Queensland

Percent stock on market for houses in Robina, Gold Coast, Queensland

Units - Robina

For units we see conflicting information from Pricefinder and CoreLogic. Pricefinder showing a drop of -4.3% and CoreLogic showing a significant recent increase in median value leading to an annual increase of 0.9%. This disparity could be due to the different platforms processing the data with a different time lag.

Days on market has been increasing since 2017 and has been steadying off over the past few months.

Percent stock on market has been quite cyclical in the past, with each cycle lasting approximately 2 years, and is currently on a strong downward trend.

Sales statistics for units in Robina, Gold Coast, Queensland

Median value for units in Robina over the past 10 years.

Median value for units in Robina over the past year.

Median days on market for units in Robina, Gold Coast, Queensland

Percent stock on market for units in Robina, Gold Coast, Queensland

Summary

It is quite clear now that we have been in a declining market since the start of 2018 with a few dips prior.

At the present time, the considerable decrease of stock is being noticed by buyers and they have been moving quickly to secure homes when they find the right property. This has been quite a shift from the past 2 years and we are seeing some great prices being achieved for our sellers.

It also appears that the interest rate reductions and the easing of the banks assessment rates are helping to push prices up.

We also continue to see higher numbers through our open homes. Our average number of buyers through each open home has increased from 2.3 in May to 3.4 in July and is now up to 4 people through every open home.This is almost a 100% increase this year!

Orren Topolansky18 November 2019Comment

Real Estate Market Update - Robina and the Gold Coast QLD - February 2024

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.

The Golden Opportunity: Unveiling the Secrets of the Gold Coast QLD Real Estate Market

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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.

Real Estate Market Update - Robina and the Gold Coast QLD - October 2023

With 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.

Real Estate Market Update - Robina, Gold Coast QLD - JULY 2023

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.

Real Estate Market Update - Robina, Gold Coast QLD - JANUARY 2023

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.

THE 13 MOST ASKED QUESTIONS OF A SOLICITOR DURING A PROPERTY SALE OR PURCHASE - answered by a specialist solicitor

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.

Real Estate Market Update - Robina, Gold Coast QLD - June 2022

The 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.

Real Estate Market Update - Varsity Lakes, Gold Coast QLD - June 2022

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.

Real Estate Market Update - Robina, Gold Coast QLD - March 2022

Real Estate Market Update - Varsity Lakes, Gold Coast QLD - March 2022