As the market correction post-pandemic continues, the importance of placing your asset with the right agency is crucial to achieving solid results.

Core Logic’s quarterly Pain and Gain report reveals that profit-making sales nationwide dipped slightly in the past quarter, down to 92.3 per cent compared with 94.2 per cent at the same time last year.

Analysts put the dip down to buyers who purchased at the height of the pandemic choosing to return to market, rather than face the potential of spiraling mortgage repayments.

While the Gold Coast market is not impervious to the effects of interest rate rises, a report by property settlement company PEXA this week revealed that the region has the highest level of cash purchases than anywhere else in the country.

Cash may be king, but today’s buyers continue to be highly discerning about their real estate purchases. As a seller, choosing an agency that knows and understands the market is key to achieving the best possible price under the current market conditions.

Kollosche is an established agency with experienced agents and advisors, who understand the dynamics of the local market down to street level.

They are seasoned in executing successful and strategic marketing and sales campaigns, backed by a broad network of industry professionals, who together can deliver positive results for clients in any market.

Last week a renovated home at 2 Christa Way in Benowa Waters sold at auction for $2,850,000, exceeding vendor expectation. The sale, by agents Sam Guo and Julia Kuo, set a new benchmark for the street, outpacing the previous highest sale set in 2021 by more than $1,500,000.

Agent Troy Dowker sold a beachside home at 15 James Street on Currumbin Hill for $3,850,000, achieving the third highest sale on the street and the highest sale for an approximate 600m2 block.

In the popular suburb of Mermaid Beach, agent Eoghan Murphy sold 31 Seaside Avenue, an original cottage on a 400m2 block of land with DA approval, for $2,605,000. The price matches those being achieved in the street at the height of the pandemic with a fully renovated property on the same size block selling for $2,675,000 in 2021.

In the apartment sector, specialist agent Rob Lamb sold a two-level penthouse in the ‘Ocean Royale’ building at 55/4 Britannia Avenue, Broadbeach, for $1,875,000. It was sold via private treaty after just two weeks using a targeted digital campaign.

For expert advice when selling in the current market, reach out to a Kollosche agent today.