December 3 2021
As we draw closer to the end of the year, the Gold Coast continues along the property markets record breaking path.
Homes on the Gold Coast are currently seeing the lowest days on market ever, while housing values are still on an upward trend.
CoreLogic’s Regional Market Update has shown that the current days on market for a Gold Coast home is now down to just 18 days on average, a large decrease from the 37 days recorded 12 months ago. Units are also experiencing lower days on market, with an average of 26 days compared to the 51 of a year ago.
Median house prices have continued on the upward trajectory, rising 31 percent over the last 12 months while unit median values are also up 24 percent.
These numbers further demonstrate that demand for coveted Gold Coast real estate has continued to shine into the summer.
Kollosche has achieved a number of successful sales recently, including 62 Admiralty Drive Paradise Waters, which sold for $10,500,000 in a sale by Michael Kollosche, Harry Kakavas and Ryan Ward.
84 Oceanic Drive, Mermaid Waters sold prior to auction for $1,985,000 after being listed for just one week in a sale by Troy Dowker.
21 River Crescent, Broadbeach Waters sold for $1,940,000 in a sale by Claire Dai and Gloria Wang, while Eddie Wardale sold 27 Tosti Street, Sorrento for $2,600,000.
The Gold Coast’s Tamborine Mountain has experienced a particularly strong month with 70 Hartley Road selling for $2,775,000, a record price for a five-acre block in the area, 423 Main Western Road, that sold for $2,995,000 and 10-12 Cayambe Court, which sold for $1,110,000 – Three sales by Kara Evatt.
Our upcoming auctions this week are:
Whether you’re looking to buy or wish to sell, please reach out to our team for a discussion around your real estate goals.
