The prime season for real estate is in full swing and demand is strong with buyers both locally and interstate looking to secure properties on the Gold Coast.
Property stock levels have been tight across the coast throughout 2021. However, figures show that property sales have been at an all-time high, further fuelling the competitive market.
CoreLogic research for January to August this year shows that residential property turnover has reached its highest level in 12 years. The sunshine state leads the way as 6.8 percent of this market turnover has come from Queensland, with New South Wales sitting at 5.8 percent and Victoria at 4.6 percent.
We are pleased to see a new wave of stock coming onto the books at Kollosche ready to satisfy the demand from buyers, with 68 new listings recorded since the start of this month.
At Kollosche we saw several auctions take centre stage this week with a monthly clearance rate of 79 percent.
Currumbin saw two back-to-back auctions on Sunday with 1/16 Michel Drive, Currumbin Waters going under hammer first. 14 registered bidders battled for the idyllic views of Currumbin estuary, which sold for $2,210,000. Competitive tension between eight registered bidders saw 1/26 Duringan Street, Currumbin sell for $2,550,000 – both properties sold by Troy Dowker.
On Wednesday, Rob Lamb secured two outstanding results under the hammer. 2/13 Second Avenue, Broadbeach sold for a successful result of $1,780,000. In an interesting twist, the seller then purchased 23 Beach Parade, Surfers Paradise for $1,795,000 shortly after.
Here is a list of some of our top upcoming auctions:
- 2/6 Marine Parade, Miami – Saturday 25 September at 9am
- 4 Clear Water Bay Avenue, Clear Island Waters – Saturday 25 September at 1pm
- 22 Eagle Avenue, Burleigh Waters – Sunday 26 September at 10am
- 734 Pacific Parade, Currumbin – Sunday 26 September at 9am
- 108 Main Arm Road, Mullumbimby – Thursday 30 September at 6pm
With a bumper season underway on the Gold Coast, now is the perfect time to purchase property.
If you are considering selling or are in the market to buy, our team is here to assist you. Please reach out to start a conversation focused on your needs.