South East Queensland has been among the best-performing regions in the country during 2020, and the Gold Coast has been making it's fair contribution to that trend! The allure of the coastal lifestyle combined with increased work flexibility and interstate migration has seen demand in the area increase and the market become ultra competitive.
House Market
Like many others around the state, property stakeholders on the Gold Coast had a far more successful run than they may have envisaged way back in March. It seems the drive for lifestyle over proximity to work has resulted in increased demand for housing in our glitter region. Our analysis shows the Gold Coast housing market has passed the bottom of the price cycle and is in a ‘recovering’ phase, and the results are looking good. In fact, the Gold Coast’s annual house price rose 3.2 per cent for the year to September 2020, coming in at $640,000 across 6,959 transactions. Prices rose modestly over the September quarter too,
reflecting a 0.8 per cent gain to $650,000 across 1,714 transactions.
Unit Market
The unit market on the Gold Coast is proving attractive to owner-occupiers. There are a number of high rises under construction by well-funded, well-established development companies which are renowned for producing a high-quality product. They’re really targeting owner-occupiers and moving away from the holiday market. They’re also producing larger units and getting good prices. Data showed the unit and townhouse median price rose 0.5 per cent over the quarter, coming in at $425,000 across 1,457 transactions. And for the year to September 2020, the annual median rose by 1.8 per cent to $420,000. This was across a total of 6,260 sales.
Whether you already own property or you’re looking at buying your next home or investment property here’s 3 ways, we can help you:
Strategic property advice – Allow us to build a Strategic Property Plan tailored for you and your family. Planning brings the future into the present so you can do something about it! This will give you clarity, direction, results and more certainty. Click here to find out more
Buyer’s agency –Our highly skilled and trained on the ground team in South East Queensland brings you years of experience and perspective. We’ll help you find your next home or investment property. Click here to find out more
Property Management – Our stress-free property management services help you maximise your property returns. As Qualified Property Investment Advisors, we will ensure you understand how your property is tracking from all aspects, value not matched in the market. Click here for your free rental appraisal and find out more.
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