Real Estate Agent in Southport is what you searched for?

Real Estate Agent in Southport is what you searched for?

I’d love to learn more about your property and how I can help you sell it for the best price. Real Estate Agent in Southport is what you searched for? let’s set up a time to chat over a coffee.

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

Hidden Gem No.40
How can I ensure that my property stands out in a competitive market?

Gold Coast Real Estate News & Articles

The profitability of Australian homes declined further in the first three months of 2023, with the rate of loss-making sales increasing. The proportion of dwellings that made a nominal gain from resale declined for the third consecutive quarter to 92.3%.

The rate of profit-making sales was highest in Hobart at 99%, while Darwin had the highest rate of loss-making sales at 29.5%. The median hold period for resales across Australia was 8.9 years in the March quarter, down from 9.9 years in the three months to December.

The median nominal gain for resales was $276,500 nationally. The rise in short-term selling may be due to sellers trying to avoid making a loss on their property, as mortgage rates continue to rise.

The total nominal profit from resales in the March quarter is estimated to be $22.7 billion, down from $25.9 billion in the previous quarter.

The Reserve Bank of Australia has raised interest rates four times since May 2022, and is expected to continue to do so in the coming months. This is putting upward pressure on mortgage repayments, which is making it more difficult for some homeowners to afford their properties.

As a result, some homeowners may be choosing to sell their homes sooner rather than later, even if they have to sell at a loss. This is likely to be particularly common in areas where property prices have fallen sharply, such as Darwin and Perth.

The decline in profitability is likely due to a number of factors, including the rising cost of living, higher interest rates, and a slowdown in population growth.

The rising cost of living is making it more expensive for people to afford housing, which is reducing demand for properties. Higher interest rates are also making it more expensive to borrow money, which is making it more difficult for people to buy homes.

A slowdown in population growth is also putting downward pressure on property prices. This is because there are fewer people moving to Australia, which is reducing the demand for housing. The outlook for profitability in residential real estate is uncertain. However, the article suggests that there may be some motivated selling in the coming quarters, as sellers try to avoid rising mortgage rates.

This could lead to further declines in property prices, particularly in areas where the market is already weak. Homeowners who are considering selling their homes should carefully consider the current market conditions before making a decision. They should also speak to a financial advisor to get advice on their individual circumstances.

In addition to the factors mentioned above, there are a number of other factors that could affect the profitability of residential real estate in the coming months. These include:

• The pace of economic growth
• The level of unemployment
• Government policy changes
• Investor sentiment

It is important to monitor these factors and adjust your investment strategy accordingly. If you are considering buying a property, it is important to do your research and understand the risks involved. You should also speak to a financial advisor to get advice on your individual circumstances.

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

I’m passionate about helping people sell their properties. Real Estate Agent in Southport is what you searched for, I’m always happy to chat over coffee to get you started…

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

Hidden Gem No.6
How do I navigate the disclosure process if my property has recently undergone renovations or repairs?

I know that selling your property can be a daunting task. Real Estate Agent in Southport is what you searched for, I’m here to make the process as smooth and stress-free as possible. Let’s chat over a coffee and see how I can help.

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

Hidden Gem No.63
Are there any incentives or government programs that could benefit me as a property seller?

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