2021 Market Update & Information for Landlords

Gold-Coast Real Estate Prices plus Sales Data & Rented Properties Statistics

According to the latest Real Estate Institute of Queensland (REIQ) vacancy report, “the Gold Coast has tightened a further 0.3% to reach a low of 0.6%” A record statistic – The lowest vacancy rate seen in 15 years of Gold-Coast price data.

“While the popular Surfers Paradise precinct remains at 0.8% over the quarter, other areas are unprecedentedly tight with the Gold Coast’s northern suburbs recording a median of 0.7% (Biggera Waters 0.5%, Coomera 0.6%, Hope Island 0.5% and Pimpama 0.6%); southern suburbs a median of 0.4% (Burleigh Heads 0.4%, Currumbin 0.4%, Palm Beach 0.5% and Tugun 0.3%); and, western suburbs a median of 0.5% (Ashmore 0.5%, Nerang 0.4%, Oxenford 0.1% and Parkwood 0.5%).” – Antonia Mercorella, CEO of the Real-Estate Institute of Queensland

Most analysts (including the big 4 banks) had trouble predicting what would happen to Real-Estate prices in 2021 and few were able to forecast the increase in prices we have seen across the Gold-Coast in the last few months. Demand has outpaced supply significantly. Valuations are being stretched with new record prices achieved weekly!

The Gold-Coast City Council is proposing changes to the city plan including changes to building height restrictions in certain areas(such as Labrador). This will bring renewed opportunities for developers and home-owners alike. Want to know more? Call today!

We have an award-winning sales department. If you are interested in selling or would simply like an update on your area in the current market, please do not hesitate to contact us. We are proud to have managed over 1000 investment properties here on the Gold-Coast & we have a special rate for our clients when the time comes to sell.

Click here to peruse our Latest Sales

Click here for Recently Rented

Published 12th June 2021