Beachside real estate across the Gold Coast is seriously hot property right now with a fear of missing out driving record price growth.
The latest quarterly house price data from CoreLogic reveals that nine of the top 10 highest Gold Coast growth suburbs were located on the central to southern end of the coast.
Mermaid Beach topped the list at 15.7 percent while Burleigh Waters and Mermaid Waters followed suit, registering 12.6 percent and 12.3 percent respectively.
A broader snapshot of the local market shows that Gold Coast house prices rose by 1.7 percent in the 28 days to April 25 while annual values across the city surged by 15 per cent.
That demand is most evident in our beachside suburbs where we are witnessing high attendance at open homes and multiple registered bidders at auction.
Team Dowker secured premium prices with several key sales in April:
- 39 Jefferson Lane, Palm Beach sold for $4,625,000 prior to launch;
- 8/77 Jefferson Lane, Palm Beach sold for $3,030,777;
- 2/6 Fenton Place, Currumbin sold for an undisclosed price;
- 3a Kingfisher Crescent, Burleigh Waters sold for $1,980,000 at Auction;
- 1/142 Pacific Parade, Bilinga sold for $1,600,000 at Auction;
More properties are selling off-market and ahead of scheduled auction events as cash unconditional buyers put forward offers designed to blow the competition out of the water.
Homeowners are taking advantage of strong selling conditions as we move into May with more properties coming to market while the market remains skewed towards vendors.
I welcome you to reach out for an informed conversation on how to achieve a premium result for your asset or to talk through your new home wishlist.