Gold-Coast Market Update

In previous posts; we had already noted that lenders were making it harder for buyers needing finance and the RBA also contributed to this with successive rate increases.  Recent news from CoreLogic(RP-Data) shows the number of suburbs where average home prices are in excess of 1 million dollars has fallen considerably over the past few months.  South-East Queensland has seen prices come back by approximately 10% – 15% from their peak at the start of this year.

A significant reduction in new listings for sale was reported in November:

A sustained lack of supply combined with increased demand for House & Land style homes in the Northern Gold-Coast suburbs remains a driving factor for prices.

If you are thinking of selling – Please do not hesitate to let me know if you would like a private, no-obligation appraisal of your current residential or investment property in the current market.

Kind regards & best wishes for this festive season,

Greg Brewster

0411 260 223

[Principal / Licensee]