The Gold Coast has been enjoying a resurgence in the real estate market over the past 12 months and in the lead up to the Commonwealth Games, we don’t expect these trends to slow down. Property values are up approximately 15% on the same time last year.
We have seen a significant increase in the number of buyers out in the marketplace and as seen right throughout the country, auctions are driving prices significantly higher through the competition amongst these increased buyers.
It is expected that the next movement in interest rates will be upwards and that may well be sooner rather than later. It is a timely reminder that it is always wise to select the best market conditions to sell.
For those thinking about selling, the market conditions are very favourable. There is a significant jump in buyer activity around the summer season and January in particular. This is why for more than 26 years we have provided a high-profile marketing campaign called ‘The Event’ to capitalise on this activity and to take advantage of the school holiday break when so many interstate and international tourists flock to the Gold Coast.
The Event 2017 produced incredible results for our sellers with over 2,000 attendees and 333 registered bidders on auction day. If you are thinking of selling at the moment, Peter Catanzariti from Ray White Upper Coomera believes both in terms of the booming property market and with the perfect seasonal conditions in January, having your property in ‘The Event’ would be an ideal opportunity. If you would like more information, please contact Ray White Upper Coomera on (07) 5573 1077.