Gold Coast Property Prices Continue Upward Trend
The next few months could present a great opportunity for owners to list homes for sale in the Gold Coast, as new information has shown a rise in Gold Coast property prices.
According to the Real Estate Institute of Queensland (REIQ), house prices in the state have continued their upward trend.
For the year ending June, prices for Gold Coast property for sale rose by a total of 3.1 per cent, with Brisbane experiencing a 3 per cent rise.
At the same time, there has been evidence of increased buyer interest in the real estate market across the state.
This creates a great opportunity for owners to list their homes on the market for sale.
"No doubt the influence of historically low interest rates and increased perceptions of housing affordability have seen more people move off the sidelines and back into the property market of late," said REIQ Chief Executive Anton Kardash in an August 23 statement.
This has largely been attributed to activity from property investors, who have been attracted by the low interest rates as well as dwindling vacancy rates.
However, Mr Kardash noted that first home buyers seem to still be "relatively absent" in the current market.