If you are considering selling your Gold Coast property, the best time is the summer, when tourists flock to the area looking for their dream homes or great investments. During these times, you should make sure you show your property at the right time to make sure it is noticed by potential buyers. Listed below are some things you should know about Gold Coast real estate. Read on to learn more. The Gold Coast is a wonderful place to live and invest in real estate.
Gold Coast property prices are expected to rise by 18% in the next three years, according to a new report from QBE, a research firm. High interest rates, interstate migration, and remote working will all boost prices. This is particularly true of residential property, where the median house price will increase by 22% by 2024. The average daily rate of Gold Coast property will increase by over 20% in the same time period. Consequently, now is the time to invest in Gold Coast real estate.
A recent survey found that nearly seventy percent of all property sales in the Gold Coast were over a million dollars. While the market is still recovering from the frenzied growth of the past two years, buyers are taking the reins and making purchases. Share houses in Queensland are particularly popular – 137 flatmates will be competing for one advertised room – and prices are high. This means that you can invest in luxury housing and a dedicated dog wash.
If you’re thinking of buying a property, a professional real estate agent can help you make the right decision. There are over 192 listings in the Gold Coast region alone. It can be difficult to know where to start looking, but an experienced agent can help you find a great home in the region. There’s no better time to invest in your dream home. While it’s important to find a trusted agent, the internet is a good place to find a reputable agent.
Moreover, you should also know that the value of hotel properties in the Gold Coast continues to climb. According to CBRE’s Troy Craig, Regional Director of Valuation & Advisory Services, one-fifth of all hotel sales in 2021 will be to prospective buyers planning conversions. In other words, prices are on par with historic averages, but this activity is largely driven by purchasers looking to reposition existing assets. In addition to the residential market, buyers are increasingly interested in converting their existing assets into build-to-rent projects. Recently, the Tucker Box portfolio was acquired by the Singapore sovereign wealth fund GIC, and Bayview on the Park by the Partners Group.
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