Looking for a Surfers Paradise Real Estate Agent in Gold Coast

Looking for a Surfers Paradise Real Estate Agent in Gold Coast

I know how stressful it can be to sell a Gold Coast property, but I can make the process easier for you. Looking for a Surfers Paradise Real Estate Agent in Gold Coast? Let’s chat over a coffee and I can show you how.

Together we can get your property SOLD for the Best possible Price.

Let’s get you started on your selling journey… Are you ready for a chat over a coffee? 0418 189 963

You can find me at Canford Estate Agents


PASSIONATE ABOUT SELLING, DEDICATED TO YOUR SUCCESS

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Gold Coast Real Estate News & Articles

Australia’s housing market has once again surpassed the $10 trillion mark, a significant achievement. This resurgence is being driven by rising house prices and an expanding housing stock, which together were valued at $10 trillion at the end of August. Importantly, this is the first time since June that the housing market has been in double digits. 2022.

The driving force behind this revival has been rising property values. Australia’s median house value reached $732,886 at the end of August, coinciding with an increase in the housing stock to around 11 million properties. This upward trend in house prices began in March, with values rising by 4.9% up to August.

This increase has effectively erased half of the previous downturn, which saw national house values fall by -9.1% between April 2022 and February 2023. Currently, house values are only -4.6% below their peak in April 2022.

Remarkably, this recovery in house values has continued despite significant challenges, including a cost of living crisis, subdued consumer sentiment and four interest rate rises this year, the fastest rate hike cycle on record. So how sustainable is this recovery? Several reasons could explain the continued rise in house prices.

Net overseas migration stands out as a key catalyst. A combination of returning overseas arrivals and a decline in overseas departures has boosted housing demand. This trend is supported by the low average number of people per dwelling in major cities, which increases demand and competition in the property market, especially with rental vacancy rates at historically low levels.

I’m passionate about helping people sell their Gold Coast property for the best price. Looking for a Surfers Paradise Real Estate Agent in Gold Coast, I’d love to meet you over coffee to discuss your specific needs. Together we can achieve the Best possible Price and get you sold.

Prudent use of savings, equity and profits could also be playing a key role. Homebuyers may have used their savings, profits or existing equity to purchase property rather than relying primarily on borrowing.

This shift has contributed to recent house price growth, particularly as Australian Bureau of Statistics (ABS) data showed a decline in lending volumes and values in June and July. However, the sustainability of this trend remains uncertain, with ABS national accounts data pointing to a decline in the household saving rate.

Finally, supply constraints have also played a role in the housing market recovery. Despite a surge in new property listings ahead of the spring selling season, the overall volume of property listings remains relatively subdued. For example, in the four weeks to 3 September, total listings across Australia were some 23.4 per cent below the previous five-year average.

Looking ahead, the future of the housing market remains uncertain. While there is an emerging consensus that the Reserve Bank of Australia (RBA) may have completed its interest rate hike cycle, borrowing remains constrained by a relatively high servicing buffer.

The slowdown in economic performance could also impact mortgage affordability. The housing market is expected to soften towards the end of the year, with a more robust recovery dependent on easing credit conditions.

The Australian housing market has shown remarkable resilience in the face of recent challenges. Nevertheless, close monitoring of the market’s performance remains essential given the uncertain outlook.

This is a summary of the original in-depth article, which is located here.

I’m happy to answer any questions you have over coffee, together we can create a personalized marketing plan that will get your Gold Coast property sold. So you are looking for a Surfers Paradise Real Estate Agent in Gold Coast, let’s chat.

Together we can get your property SOLD for the Best possible Price.

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As a negotiator, I’m confident that I can get you the best possible price for your Gold Coast property. Looking for a Surfers Paradise Real Estate Agent in Gold Coast, let’s grab a coffee to talk about selling your Gold Coast home.

Together we can get your property SOLD for the Best possible Price.

Craig Douglas 0418 189 963
Marketing, Negotiating, Selling Gold Coast Homes

No Harassing Phone Calls
No Obligation, No Pressure, Simply Client-Focused Selling
Not your usual Agent

Fiercely Independent, Proudly Your Local Gold Coast Real Estate Agent

You can find me at Canford Estate Agents

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This page was proudly created by Craig Douglas, your local independent Gold Coast real estate agent, working for Canford Estate Agents. 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