Gold Coast and Property Market in high demand
Being a coastal hotspot, the Gold Coast was hit hard by the GFC, resulting in a drop in property values, but recently things have started to change.
Figures released by RP Data in February 2014 revealed that the housing market had started to rise, with Burleigh Heads and surrounding suburbs in particularly hot demand.
Property transactions have increased by more than 30 per cent, reports RP Data analyst Cameron Kusher, which will flow through to increased values.
“House values are up 4.8 per cent but there is not much of a sign of the unit market coming back as yet, but I guess the rate of decline in that market has definitely slowed over the last 12 months,’’ he says.
“If values continue to rise in the housing market we may slowly start to see a bit of a recovery in that unit market.’’
According to Mr Kusher, the continued low price of units makes it an excellent time for purchasers with long-term goals to invest with recovery still slow to moderate.
And where better to choose than Burleigh Heads and surrounding suburbs?
Burleigh is currently performing better than the average Queensland market.
As you drive around most suburbs on the Southern Gold Coast you will notice a high demand for property, as soon as a FOR SALE Sign goes up within only weeks a SOLD sticker will be presented. This is a huge change from 2 years ago.
If you are thinking of selling I can help.
(Source – Realestate.com.au)
edited by Sue Guthrie