Fresh Premium Listings Bolster Low Stock Levels
January 27 2023
Kollosche has launched a steady pipeline of new properties in the opening weeks of 2023 at a time when overall stock levels across the city remained low.
The supply of housing stock has struggled to keep up with demand since the start of the Covid pandemic. The expectation was that this would start to reverse in 2022 once the height of the buying frenzy died down and the effect of successive interest rate rises kicked in.
Yet despite a softening in the market over the past 12 months, the level of stock nationwide has struggled to budge, even though January is a prime time for new listings.
Core Logic data released this week shows that, nationally, total advertised supply was tracking well below average levels through the final quarter of 2022, with the number of properties listed at the start of the year 31.5 per cent below the previous five-year average and 2.9 per cent lower than at the same time last year.
On the upside, lower levels of stock are helping to keep property prices relatively robust, particularly in lifestyle markets such as the Gold Coast.
Successful market positioning has allowed Kollosche to move through January and into February with a steady pipeline of premium listings across all housing types, as the leading prestige agency maintains dominance in the local marketplace.
New properties to market include 2/52 Albatross Avenue in the prestigious suburb of Mermaid Beach. The tri-level beachside villa has been recently renovated and is an astute buy for an investor or anyone seeking low-maintenance lifestyle living. Marketed by sales agent Eoghan Murphy, the villa will be auctioned onsite on Sunday, 19 February at 11am.
Also in Mermaid Beach, in the exclusive ‘272 Hedges Avenue’ along ‘Multi-Millionaires’ Row’, is a three-bedroom apartment being marketed through sales agents Danny Stanley and Rebecca Jackson. Opposite Kurrawa Park and only metres from the sand and surf, the exclusive apartment has a generous floor plan and spectacular views. Resales in this building have been achieving healthy capital gains. The apartment will be auctioned at Kollosche HQ in Broadbeach on Friday, 17 February at 3pm.
In the popular suburb of Broadbeach Waters, agents Sam Guo and Julia Kuo are selling a contemporary family home at 50 Moana Park Avenue. The multi-storey waterfront residence is located at the end of a quiet cul-de-sac with 17.5m of water frontage. Close to the amenities of Broadbeach, the property will be auctioned onsite on Saturday, 18 February at 6pm.
In leafy Tallebudgera Valley, a family home known as ‘Mandevilla’ at 42 Petsch Creek Road has just been listed through sales agent Rob Lamb and associate Cassandra Brizzi. Spanning 7.8 acres, the property is ideal for an active family who loves the outdoors. It comes with Shetland ponies, a dam, stable, as well as a self-contained guest house to accommodate extended family and friends. The auction will be held onsite on Friday, 17 February at 11am.
Kollosche is achieving premium prices for good-quality, well-located properties as the market continues to normalise.
Average days on market for Kollosche campaigns sat at 38.6 in December, well below the wider industry average, with buyers recognising the value of the stock being offered.
If you are thinking of selling in 2023, reach out to one of our agents today to discuss how best to position your asset in the current market.