Last night Channel 7 Brisbane News reported that Gold Coast Property Prices are on the rise. They have based their statement on the 24% spike in recent sales.
Many properties sold in the past two weeks have been on the market for years.
So why the sudden change in buyer behaviour?
“That’s probably because of the affordability is so much better than what it has been for many years,” John Newlands from REIQ said.
The properties most in demand are homes priced between $300,000 and $500,000.
Industry leaders say buyers should hunt in areas where there’s more stock. The suburbs to watch include Worongary, Highland Park, Nerang and Carrara.
“They’re so close to the new Commonwealth Games site it’s a 15 to 20 minutes to the beach, 10 minutes to the hinterland,” Ewan Kerr from LJ Hooker at Nerang said.
“Its geographical location being close to the Broadwater, transport and shopping, there’s still very affordable buying in that particular area.”
Pacific Pines and Coomera are on the real estate ‘value for money’ radar, while closer to the water, investors should investigate properties in Southport.
Click here to see Hillsea’s Pacific Pines and Coomera Listings
Click here to see Hillsea’s Southport Listings