Spring is typically the busiest time of the year for Australian properties, and as the weather starts to warm up, so too is the property market. One of the current property trends in Australia is that Queensland is high on the list thanks to better value for money than buyers can find in Sydney and Melbourne. With added competition as we approach summer, all eyes are on hot spots like the Gold Coast.
We’ll be exploring the state of the market, considering buyer confidence, key features of the Gold Coast, and what buyers and investors need to be aware of when looking to make their next purchase.
Understanding Current Property Trends Australia
A Recent Increase in Buyer Confidence
Since the start of July, there has been a noticeable uptick in buyer demand and confidence, with properties being secured amongst fierce competition. Compared to prices from the last 3 to 12 months, prices have increased by 5-10% across several suburbs, highlighting the increased value and demand for quality stock in high-demand locations. This is attributed to a strong imbalance between supply and demand that has fallen in other parts of the country, making it an attractive option for buyers looking to get in on the hype. However, it’s worth noting that prices have not yet gotten out of hand, and both vendors and agents must maintain realistic expectations.
Uncertainty Among Sellers
The supply of properties in the Gold Coast is increasing, with local agents reporting a slight increase in appraisals and new listings, however, some sellers remain hesitant. Demand for properties means more competition when looking for a new property and some are concerned about finding their next home. Sellers are looking to secure a new property before selling their current one, a strategy that is challenging in today’s market.
The Role of Buyers’ Agents
Working with a buyers’ agent in such a competitive market can be invaluable for both sellers and buyers. Buyer’s agents can provide valuable insights into the market for buyers, navigate property trends in Australia, help to identify potential opportunities and make informed decisions about when and how to list their properties. For sellers, a buyer’s agent can help provide a realistic expectation of what is available to purchase in a pre-market or off-market capacity, to help them make an educated decision about when and if they should consider selling.
The Gold Coast is a highly desirable location that is particularly attractive to inter-state buyers and investors looking to get more value for money. However, its strong demand and resilience amidst broader economic challenges pose different opportunities for buyers and sellers alike.
To learn more about how we can help you find property trends in Australia or how you can get started on your property-buying journey, get in touch with the team at Rose & Jones.
About Rose & Jones Buyers Agents
Rose & Jones has been helping clients find and purchase properties in Sydney, South East Queensland, and the Northern Rivers since 1998. A renowned property buyers agency across residential, commercial and industrial sectors, every one of our property experts meets our high standards, so you won’t have to compromise yours. With access to a wide network of off-market properties, our team can help you find the perfect property. Also offering property management services and investment advice, make Rose & Jones your go-to when it comes to real estate in New South Wales and Queensland.
