Insights
How Times Have Changed For Gold Coast Property
Following the very robust gains in Gold Coast property market prices during and immediately after Covid, many experts have been saying for many months now that South East Queensland prices will fall significantly because of an expected drop in demand from southern states’ buyers. Contrary to those expectations, there has been no drop in demand or prices as interstate and international hom...
Continued Blue Skies For Gold Coast Property
Despite the RBA continuing to hold interest rates at 4.35% and saying that a cut in rates is now unlikely before the end of 2024, Gold Coast property prices continue the upward trend. Our median property price is now around $1.17m, the highest it has ever been. Only Sydney has a higher median price, around $1.7m. The principal driver for the continued rise in prices is significant growth ...
All You Need To Know About How Gold Coast Property Is Moving
Clear Skies For Now But Possible Rain Showers Forecast At a national level, property prices are continuing to rise. For capital cities they are 7.2% higher than 12 months ago and in regional areas such as the Gold Coast, prices are up 5.3% (these figures are provided by PropTrack). Interestingly, Brisbane now has the second highest median prices in the country after Sydney – usua...
What Owners Should Know About The Latest Movements In Gold Coast Property
Interest Rates – Up Or Down? At its most recent meeting, the RBA has again kept interest rates on hold at 4.35%. While this is good news for homeowners, it said that a future rate increase can’t be ruled out given that inflation is still not within its target range of 2% to 3%. Many economists had previously thought that we will start to see a cut in rates towards the end of 2024 b...
An Introduction To Property Investing - Part 3
In Parts 1 and 2 of our three-part series “An Introduction To Property Investing”, we considered what is meant by the term “investment property” and then the buying of investment properties (Click Here to read Part 1 and Click Here to read Part 2). While it’s easy to get caught up in the excitement of investing in property, here in Part 3 of our series, we look at ...
The Gold Coast Property Market In 2024 - What Are The Experts Saying?
While it’s often said that everyone has an opinion about property, at the start of a new year it’s often worth getting a few opinions from those in the know. So, with median house and unit values on the Gold Coast now respectively around $1,100,000 and $721,500, here is what some experts anticipate for the Gold Coast in 2024. It's Generally Positive News While 2023...
Where To Now For The Gold Coast Property Market?
After raising interest rates to a 12 years high of 4.35% in November 2023, the RBA kept them on hold at its meeting on 5 December 2023. This is very good news for home owners with mortgages and the decision most likely reflects the fine line the RBA is walking between needing to keep inflation under control but not burdening borrowers to the point that the economy transitions in to a recession....
Sellers And Buyers Take Note - Changes To Queensland Real Estate Law
In October 2023, the Queensland Government passed the Property Law Bill 2023 – replacing the Property Law Act 1974. This Bill introduces many changes to our property law, that will impact property sales and leasing in Queensland. While the Bill won’t come in to effect until Parliament has set a date for its commencement, one of these law reforms requires...
Back In Vogue - Property Prices Continue Their Steady Rise
As inflation slowly eases and interest rates appear to have peaked (the RBA again kept rates on hold in October 2023 - that means interest rates have now been kept on hold for 4 consecutive months), property prices continue their steady rise according to market research just published by CoreLogic and PropTrack. There was a rise of 0.8% during September 2023 in CoreLogic's ...
At Last There's Some Clarity On Where The Property Market Is Heading
The RBA first started to raise interest rates in May 2022 and its changing policies on rates since then have made the property market a very uncertain place. Nobody has been able to assess if future price movements would trend up, down or sideways. This market uncertainty has affected all property owners and those looking to buy. Particularly affected however are those owners who have ...
Property Prices Rise Despite Increasing Interest Rates - Should This Be Happening?
The ongoing interest rate story has now been dominating property reports for a while, and this continues to be the case with the Reserve Bank of Australia (RBA) having raised rates again on 6th June 2023. Despite these rising interest rates, there is recent credible evidence of property price increases across large parts of the country. But should prices be increasing at a time of...
In These Stormy Economic Seas, How Resilient Will Gold Coast Property Prices Be For The Rest Of 2023?
[PLEASE SEE OUR UPDATED ARTICLE: PROPERTY PRICES RISE DESPITE INCREASING INTEREST RATES - SHOULD THIS BE HAPPENING?] There is a lot of uncertainty in the property market at the moment due, in significant part, to the Reserve Bank of Australia (RBA) fluctuating between keeping interest rates on hold and increasing them. Here we consider what has happened in the market over the recent...
How To Prepare Your Home For Sale
Are you selling your home in the coming months? To get the best price, and to make the sale process as stress free as possible, take some time right now to get it ready. From the outset always remember to put yourself in the shoes of a potential buyer before your property is listed for sale. Look critically at your space to see what might be updated, cleared out, or tid...
An Introduction to Property Investing - Part 2
In Part 2 of our 3-part series “An Introduction To Property Investing”, we consider the further important topics of where to buy, what type of property to buy, new versus established and what features to look for. Where To Buy Most people know the answer to that age old question; what are the 3 most important attributes to look for when buying a property? Location, Loca...
An Introduction to Property Investing - Part 1
Providing that you have the required finances and/or bank approvals in place, investing in property is easy. The hard part, however, is knowing when to invest, where to invest, what type of property to invest in and assessing the right time to sell. To be able to address those matters, investors must be able to answer numerous questions, including: Are property prices t...
How Do I Know If I've Found The Right Real Estate Agent? They All Tell Me They Are The Best In The World!
Property is typically the biggest financial asset that each of us will own, and so it’s essential that when the time to sell comes, we achieve the best possible price. The difference between achieving a successful sale and a disappointing one almost always comes down to whether you’ve selected the right real estate agent. While there is no shortage of real estate agents ...