Where to Live Between Selling and Buying a House on the Gold Coast?
Where to Live Between Selling and Buying a House on the Gold Coast? A period of renting could be used as a breathing space, allowing you to collect your thoughts, process everything calmly and ultimately buy where you really want to live. Other alternatives include Extended Stay Hotels, Holiday Rentals, and staying with Family or Friends.
When you’re transitioning between selling your current home and purchasing a new one, the question of where to live can be quite pressing. The gap can span a few days or even months, and a suitable living arrangement is essential.
This scenario may be challenging, but understanding your options can provide peace of mind during what is often a hectic time. Temporary housing solutions range from short-term rentals and extended-stay hotels to staying with friends or family.
Each option comes with its own set of benefits and drawbacks that you’ll need to consider based on your personal circumstances. Factors such as your budget, the size of your family, the amount of belongings you need to store, and your desired level of comfort will influence your decision.
If you’re looking for flexibility without the commitment of a traditional lease, serviced apartments or holiday homes offer furnished spaces for a variety of durations. Alternatively, if cost is a significant concern, you might find house-sitting or pet-sitting opportunities that can provide accommodation at little to no expense.
It’s important to weigh up the pros and cons to choose a solution that aligns with your needs during your property transaction.
Feeling Stuck Between Selling and Buying? You’re Not Alone.
If your settlement dates don’t line up perfectly, you might find yourself needing a place to stay in between. It’s a common situation for homeowners selling on the Gold Coast, especially when you’re waiting for the right next property. The good news? You have numerous short-term housing options that are smart, flexible, and tailored to your lifestyle.
Your Best Short-Term Accommodation Options on the Gold Coast
1. Renting a Short-Term Property
Renting a short-term property is a practical and popular choice if you’re after a private, self-contained space during the transition from selling your current home to buying your next one.
Whether it’s a furnished apartment, townhouse, or even a temporary lease on a standard rental, this option offers comfort and independence without the long-term commitment of a standard tenancy agreement.
Pros:
- Full privacy and amenities: You’ll have access to your own kitchen, laundry, bathroom, and living space—ideal for maintaining routines, especially with children or pets.
- Freedom to settle in: With your own space, you can create a comfortable temporary home without feeling like you’re imposing on others or living out of a suitcase.
- Flexible timeframe: Renting short-term gives you breathing room to wait for the right property to buy, avoiding pressure to rush into a purchase just to secure accommodation.
Cons:
- Higher costs: Short-term rentals are typically more expensive per week than long-term leases, especially if they are fully furnished or located in high-demand areas.
- Limited availability: On the Gold Coast, securing short leases can be challenging due to high demand from tourists and seasonal visitors, particularly during peak periods.
- Extra moving costs: Moving into a temporary rental means you’ll have to move twice—once into the short-term home, and again into your new property, which can be both time-consuming and expensive.
Pro Tip: Search early and consider platforms that specialise in short-term stays, such as Airbnb, Stayz, or local agencies offering flexible lease terms. Always clarify what’s included in the rent, such as utilities, Wi-Fi, and furnishings, so there are no budget surprises.
2. Extended-Stay Hotels
Extended-stay hotels are a convenient and stress-free option if you’re in between homes and looking for a ready-to-move-in solution.
These types of accommodations are designed for longer stays and often include everything you need to live comfortably, without the hassle of setting up utilities or dealing with complex contracts.
Ideal for singles, couples, or even small families, they offer flexibility and peace of mind during what can be a hectic time.
Pros:
- All-in-one convenience: Utilities, internet, furniture, and even weekly housekeeping are included, making it perfect for those who don’t want to worry about setting anything up.
- Flexible booking terms: You can check in quickly and extend your stay without penalty if your property settlement or new home timeline shifts.
- On-site amenities: Many extended-stay hotels offer useful extras, such as kitchenettes, laundry facilities, parking, gyms, and pools, adding comfort to your temporary living situation.
- No bond or lease required: Skip the paperwork and commitments typically associated with renting a property.
Cons:
- Higher costs: Extended-stay hotels are generally more expensive per night than renting, especially in popular areas like the Gold Coast or during peak travel periods, such as school holidays or major events.
- Limited space: Even in suite-style rooms, you may feel cramped over time, especially with children, pets, or if you’re working from home.
- Lack of a homely feel: Despite the convenience, it may not feel like “home,” which can be emotionally challenging during a transitional phase.
Pro Tip: Look for discounts on longer stays or speak directly with hotel managers about special rates for multi-week bookings. Many hotels offer hidden deals for guests requiring accommodations for more than a few days, especially during off-peak seasons.
3. Holiday Rentals (Airbnb, Stayz, etc.)
Holiday rentals through platforms like Airbnb or Stayz are a popular short-term solution for sellers who need a flexible, furnished, and comfortable place to stay while between homes.
These properties offer a “home away from home” feel, with a wide range of options to suit singles, couples, or families. Whether you prefer a beachside apartment, a quiet hinterland cottage, or a suburban house close to schools, there’s likely something that fits your needs, without the commitment of a lease.
Pros:
- Diverse options: From studio apartments to five-bedroom homes, there’s a wide selection of styles, sizes, and locations across the Gold Coast.
- Move-in ready: Fully furnished with kitchenware, linens, and appliances—ideal for stress-free living while your belongings are packed or in storage.
- Flexible stays: Most hosts offer flexible check-in and check-out times, and some allow you to extend your stay if needed.
- Good for families: Many rentals are family and pet-friendly, with yards, multiple bedrooms, and dedicated workspaces or play areas.
Cons:
- Seasonal pricing: Costs can skyrocket during peak periods, such as school holidays, Christmas, or significant events on the Gold Coast.
- Availability issues: During busy periods, it can be challenging to find high-quality properties, especially if you require an extended stay or specific amenities.
- Cleaning fees and policies: Some hosts charge high cleaning fees or have strict cancellation and house rules that may limit flexibility.
- No tenant rights: Unlike traditional rentals, you won’t have the same legal protections or guarantees around your length of stay.
Pro Tip: Filter for “monthly stays” or contact hosts directly to negotiate a better deal for extended bookings. Mid-week check-ins and stays during off-peak months can also help you secure a lower nightly rate.
4. Staying With Friends or Family
If you’re looking to keep costs down and prefer a more personal, supportive environment during the transition between selling and buying, staying with friends or family can be a smart and comforting short-term solution. This option is particularly helpful if you’re between properties for only a few weeks and don’t want to commit to a lease or spend heavily on temporary accommodation.
Pros:
- Very affordable (or even free): You can save thousands in rent and associated living expenses, freeing up funds for your next purchase or covering moving costs.
- Emotional support: Being around loved ones during a potentially stressful period can help ease the emotional burden of moving and provide you with access to advice, company, and encouragement.
- Flexible arrangement: Friends and family may be more understanding about sudden changes in dates or plans compared to landlords or short-term rental providers.
Cons:
- Limited privacy and space: Sharing a home, especially with children or pets, can be challenging. Living in someone else’s space may limit your freedom, especially if you’re used to your own home.
- Potential relationship strain: If your stay extends longer than expected or routines clash, tensions can rise. It’s essential to set clear boundaries, expectations, and timelines upfront to avoid awkwardness or discomfort.
Pro Tip: Approach this arrangement with gratitude and respect. Offer to contribute to groceries, utilities, or chores to keep things harmonious. Maintaining open and honest communication can make all the difference.
Budget Breakdown: What Will It Cost?
Here’s a rough weekly cost guide to help plan ahead:
| Accommodation Type | Weekly Cost (AUD) | Utilities Included? | Furnished? |
|---|---|---|---|
| Short-Term Rental | $600 – $1,500+ | Sometimes | Sometimes |
| Hotel | $700 – $1,500+ | Yes | Yes |
| Serviced Apartment | $800 – $1,500+ | Yes | Yes |
💡 Pro Tip: Always check for bonds, deposits, or minimum stay requirements.
Watch for Overlapping Costs
One of the biggest financial curveballs during the transition from selling to buying a home is the risk of overlapping costs. If your sale and purchase don’t align perfectly, you may find yourself temporarily responsible for expenses on two properties at once. This can put significant pressure on your cash flow if you’re not prepared.
Here’s what that could look like:
- Double mortgage repayments: If your new home settles before your current one sells, you might be paying two home loans at the same time.
- Utility bills: Electricity, gas, water, internet—if you’re connected at both properties, those monthly bills can quickly double.
- Council rates and insurance: Even short-term dual ownership means you’re liable for rates and home insurance on both properties.
- Storage and removalist fees: If your move is staggered or delayed, you may need to rent storage and pay for multiple moving services.
Plan Ahead: Build a buffer into your budget. Aim to set aside funds to cover at least 4 to 6 weeks of potential overlap. Having this safety net reduces stress and gives you flexibility if settlement dates change or your next home takes longer to find.
Pro Tip: Consider negotiating flexible settlement dates, early access, or rent-back agreements to help bridge the gap between selling and buying. A good real estate agent and conveyancer can help align the timelines to minimise financial strain.
How to Time Your Move Right
Align Your Settlement Dates
- Ask for a rent-back from your buyer if you need to stay longer.
- Consider negotiating for early access to your new home if you’ve already purchased it.
Secure Storage for Your Belongings
If you can’t move your furniture in straight away:
- Self-storage units for long-term flexibility.
- Portable storage pods for easy pick-up and drop-off.
Pro Tip: Ensure your items are insured and easily accessible in case of need.
Understand the Fine Print
If Renting:
- Bonds are usually lodged with the Residential Tenancies Authority (RTA).
- Lease terms may be fixed or flexible, but breaking them early can result in costly consequences.
If Using Hotels or Airbnb:
- Read cancellation policies carefully.
- Expect to pay upfront during busy periods.
How to Choose What’s Right for You
| Need | Best Option |
|---|---|
| Flexibility | Holiday rental or family stay |
| Budget-friendly | Stay with family or friends |
| More space/privacy | Short-term rental or sublet |
| Ease and speed | Hotel or serviced apartment |
Keep Life as Normal as Possible
This transition can feel chaotic, but routine is your anchor.
Do this:
- Keep your morning coffee ritual.
- Stick to regular sleep and meal times.
- Choose accommodation close to schools, work, or transport if possible
Don’t Lose Sight of the Big Picture
Think About the Market
If you’re still hunting for your next home:
- Study property trends in your target suburbs.
- Discuss upcoming listings with local agents.
- Stay alert for changes in buyer or seller conditions.
Time Your Sale and Purchase Smartly
Sometimes it’s better to sell first and rent, giving you cash in hand and more leverage when buying. Other times, buying first makes more sense if the right home comes up before you’ve sold.
Either way, a short-term housing plan gives you options.
Expect Delays, And Plan for Them
Things go wrong. Settlement dates get pushed. Properties fall through. Be ready with:
- Backup accommodation options.
- Extra time in your storage contract.
- Flexible booking conditions
Keep in touch with your solicitor and agent regularly to stay ahead of any potential issues.
Need a Hand Navigating the Move?
Whether you’re unsure about your short-term options, looking to sell for top dollar, or trying to time your next move perfectly, I can help.
Let’s talk. I’ll help you find the smoothest path from your current home to your next, without the stress.
Author – Craig Douglas
Please Note: The information contained in this document is for general information purposes only and does not constitute legal advice. The laws and regulations governing the sale of property in Queensland are complex and constantly changing. It is important to seek the advice of a qualified property lawyer or conveyancer before making any decisions about the sale of your property. This document does not take into account your individual circumstances and may not apply to your situation. By reading this document you agree that you have not relied on the information contained herein and that you will seek independent legal advice before taking any action.
Are you ready for a casual chat about selling your Gold Coast home?
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Phone me now for a chat, Craig Douglas 0418 189 963
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Some of the suburbs that I proudly sell homes in:
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This page was proudly created by Craig Douglas, your local independent Gold Coast real estate agent, working for a Boutique Real Estate Agency. Selling residential and commercial properties, from those that are awe-inspiring, through to a diamond-in-the-rough, otherwise known as a “renovator’s delight“.
I negotiate and sell on behalf of property owners who want to get the best possible price, with the least amount of hassle. Let’s talk about the process of selling your property over a coffee to get you started – 0418 189 963
