Keen sellers should take advantage of the current rising housing market to avoid increased competition during the spring selling season.

Core Logic’s Home Value Index rose for the second consecutive month in May, with prices lifting a further 1.2 per cent nationally. This is despite adverse economic conditions such as rolling interest rate rises since April 2022. A further rise this week took the official cash rate to 4.1 per cent.

The local auction market has also regained traction, with clearance rates edging up considerably on last year, along with the number of registered bidders and overall attendance.

The display of market strength is a reminder to sellers to list their properties now, rather than wait until the traditional spring selling period, when you will be selling in competition as more stock comes to market.

Continued unprecedented levels of domestic and international migration to the Gold Coast, and the current severe shortage of housing stock, places sellers in an excellent position to achieve a premium result.

A large family home at 159 Sir Bruce Small Boulevard in the burgeoning central enclave of Benowa Waters sold for $4,550,000 by sales agent Michael Kollosche, associate Jay Helprin and agent Daniel Sharp.

In a prized riverfront position at 74 Amalfi Drive, Isle of Capri, sales agent Eddie Wardale sold a two-storey house on 783m2 for $4,210,000 under the hammer. The property attracted six registered bidders on auction day and was sold to a local family.

Apartments have also been selling well, with a $5,395,000 contract signed on the three-bedroom penthouse in new development ‘Navini’. Located at 313 Golden Four Drive, Bilinga, the apartment is one of only 16 in the boutique project and was sold through agent Stephen Edwards and John and Nicole Mayer.