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 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.
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.
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.
