January Sets a Positive Tone for 2022
March 14 2022
March 14 2022
From the pandemic to property, it seems everyone’s itching to predict a peak of some sort.
And while Covid cases in January rose just as rapidly as house prices have over the past year, Gold Coast real estate appears to have more goals to kick yet.
The latest CoreLogic data shows regional real estate markets have once again outpaced their city counterparts with substantially stronger results for housing values.
The combined regionals index rose 1.8 percent in January and 6.3 percent over the rolling quarter, compared with a 0.8 percent and 2.6 percent rise respectively across the combined capital cities over the same periods.
The annual change in national housing values reached a new cyclical high in January, with Australian dwellings up 22.4 percent over the year – the highest annual rate of growth since June 1989. In approximate dollar value terms, the typical Australian home is now worth $131,236 more than it was a year ago.
Housing values in regional Queensland finished high on the leaderboard with 2 percent growth. Not bad during a period in which the Sunshine State has endured.
Kollosche’s list-to-sell ratio was 100 percent in January with 60 new properties listed across the month. Competition remains strong under the hammer and auction clearance rates haven’t dropped below 75 percent across the Glitter City so far this year.
And it’s not just the residential housing market that’s hit the ground running.
The prestige property rental sector remains tight, with Kollosche Executive Leasing team reporting premium pricing for properties presented to a high standard in key locations.
Kollosche recently achieved $920 per week for a two-bedroom apartment in Palm Beach while a $1650 per week tenant signed on for a five-bedroom waterfront residence in Sorrento.
Apartment stock is sliding off the plan at Aspire Gold Coast, Yves Mermaid Beach and Infinity Broadbeach, where Kollosche’s New Projects team last week secured a $4,478,000 – the highest price on record for that project.
January results reflect a level of confidence that puts the Gold Coast property market in a positive position as 2022 unfolds.
Comparative affordability, ongoing migration trends, low stock levels and a lust of lifestyle continue to fuel demand and steady price growth.
As we move into February, Kollosche invites homeowners to take advantage of the current momentum in the market.
Now is the time to reach out for advice on the value of your asset, particularly those whose expectations have not been met elsewhere.
We are seeing enough buyer depth in our database to achieve premium results for properties that are presented, positioned and priced correctly – this is crucial to get right.
Success in any market should be a product of careful planning and six-star service. Reach out to the team today for a private discussion around your property goals in 2022.