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.
Read MoreAt the present time, the considerable decrease of stock on the market should help to support prices.
Prices could further be supported by the reduction in the assessment interest rates that the banks use to determine a clients borrowing capacity, this rate has been reduced by a significant 1.75%.
We have seen anecdotal evidence in our business over the past month to support that the lower stock levels and change in assessment rates have been contributing to stabilising prices.
Whether you are buying your first home, dream home or an investment property, it pays to have an experienced mortgage broker help you get the best rate on your home loan.
There is no added cost to you and there is a good chance that they will get you a better home loan rate than your bank will offer. So why wouldn’t you enlist a mortgage broker to assist you?
The policies of the lending institutions are forever changing, depending on a myriad of reasons including legislation, economy and the individual financial situation of each institution.
Read MoreMany home owners do not feel comfortable selling their home prior to buying a new home. They feel too nervous that they won’t be able to find and buy a suitable home before theirs is sold and settled and they don’t like the prospect of renting and having to make two moves.
The solution to this is for the buyer to make an offer on the property they intend to buy, that is subject to the sale of their own property. This is commonly known as purchasing subject to a sunset clause.
Read MoreThe 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.
Read MoreHave you ever wondered why you should give a real estate agent an exclusive listing to sell your property as apposed to selling using multiple real estate agents with an open listing?
Read MoreMerrimac 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.
As a seller, once you have a contract on your property there are usually a few processes that will take place which you need to be aware of.
Also included in this article is a useful checklist of things to do to make your move as smooth and stress free as possible.
Read MoreMermaid Waters house prices seem to have gone through a year of price consolidation after the tremendous growth last year. Days on market and stock supply would indicate that there is still strength in the market moving forward.
Read MoreReal estate marketing has changed significantly in recent years, with online advertising becoming the dominating factor. Research shows that 86% of buyers look online for their dream home, however, there are traditional methods that should not be ignored.
Read MoreCarrara house prices seem to be going through a year of price consolidation after 5 years of steady growth.
Units in Carrara, however, have declined significantly and the "supply" seems to still be increasing which does increase the risk for further declines.
So your property is now on the market and enquiries are coming in and buyers are wanting to inspect. What is the best method to use, open homes or private inspections?
Read MoreThe 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.
Read MoreWith the chances of termites, or white ants as they are commonly known, attacking your home more likely than fire, flood and natural disaster combined, it's wise to get a regular termite inspection if you own property on the Gold Coast.
Read MoreThere 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.
Read MorePrice negotiation is often the most stressful part of a real estate agents job and the area of expertise where a good real estate agent is worth much more than the commission they charge.
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