If you’ve been considering selling your property on the Gold Coast, you might be wondering whether now is the right time. The latest data reveals that the property market on the Gold Coast has seen significant value growth over the past year, making it an attractive time for sellers looking to capitalise on high asking prices.
Recent Gold Coast Property Market Trends
According to data from SQM Research https://sqmresearch.com.au, property values on the Gold Coast have seen impressive increases in the past 12 months. Here’s a quick overview:
- All Houses: The average asking price for all houses is now $1,629,245, representing a 15.6% increase over the past year.
- 3-Bedroom Houses: These are currently valued at $1,370,764, with a 12.3% increase over the past year.
- All Units: The asking price for units has also risen, with an average of $849,954—an increase of 13.5% in the last 12 months.
- 2-Bedroom Units: Valued at $854,716, showing a 9.3% increase over the last year.
This steady upward trend highlights a robust seller’s market, where high demand and rising property prices create an excellent opportunity for homeowners to maximize their returns.
Understanding the Market Trends
The Gold Coast property market has shown remarkable resilience and growth, fueled by several key trends:
- Increasing Demand for Lifestyle Properties: Post-pandemic, many buyers are seeking homes in areas that offer a balanced lifestyle, and the Gold Coast—with its beaches, outdoor amenities, and laid-back lifestyle—fits the bill. This demand has put upward pressure on property values, particularly for houses and lifestyle units.
- Shift from Major Cities: We’re seeing an ongoing trend of buyers relocating from major cities like Sydney and Melbourne. This influx of interstate buyers has contributed to competition and rising prices as they search for more affordable, spacious, and high-quality living environments.
- Tight Inventory Levels: The number of properties available on the market has remained relatively low, especially in high-demand areas. This scarcity means that buyers are competing for fewer listings, driving up prices and creating favourable conditions for sellers.
- Investor Interest: With rental demand high and vacancy rates low, investors are increasingly turning to the Gold Coast market for properties with strong potential returns. This has contributed to higher asking prices, particularly for units and multi-bedroom homes.
- Sustained Growth Over Time: The Gold Coast property market has seen long-term growth over 3, 5, and even 10 years, with increases in average values across all property types. This sustained growth reassures potential sellers that the market remains strong and is supported by solid underlying demand.
Tips for Selling Your Gold Coast Property for the Best Value
If you’re looking to make the most of this market boom, here are some expert tips to help you sell your home for the best possible value:
- Enhance Curb Appeal: First impressions count. Simple upgrades to landscaping, painting, and entryway decorations can boost your property’s appeal and increase perceived value.
- Declutter and Stage: Buyers love to envision themselves in a space, so decluttering and staging rooms can make your property look more inviting and spacious.
- Professional Photography: Quality visuals are crucial in attracting online attention. Investing in professional photography can help your listing stand out and generate more interest.
- Highlight Unique Features: Gold Coast properties often boast unique selling points like proximity to the beach, modern amenities, or stunning views. Make sure to highlight these features in your listings.
- Set a Competitive Price: While it’s tempting to price high in a booming market, working with a real estate agent to set a competitive, well-researched price can help attract serious buyers faster.
How Prestige Coast Properties Can Help You
At Prestige Coast Properties, we’re here to help you navigate this market, from an initial property appraisal to closing the sale. Here’s what makes our approach effective:
- Free Property Appraisals: Our team offers honest and accurate appraisals, helping you understand your property’s value in today’s market and guiding your decision-making process.
- $3,000 Marketing Package: When you list with us, we provide a comprehensive marketing package that includes professional photography, online listings, and targeted advertising—everything you need to showcase your property to potential buyers.
- Proven Negotiation Skills: With years of experience and a background in high-level negotiations, our team knows how to secure the best possible deal for you, maximizing your return in this seller’s market.
Ready to Take the Next Step?
Whether you’re just curious about your property’s value or you’re ready to sell, Prestige Coast Properties is here to help. Contact us today for a free property appraisal and discover how we can help you make the most of the Gold Coast’s booming property market. Our dedicated team is committed to providing you with a stress-free, transparent process from start to finish.
