5 minute read
Queensland Sotheby’s International Realty Property Feature
A VIEW FROM THE GOLD COAST
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With the current stabilisation in the property market, there’s no denying an interesting shift is evolving. Buyer FOMO (fear of missing out) is being replaced by FOOP (fear of overpaying). A gap is emerging between the price that buyers are willing to pay, and the price that sellers want to achieve.
This is evidenced in general by a reduction in auction clearance rates and an increase in days on market, compared to the past few dynamic, unprecedented quarters.
That said, here on the Gold Coast, there is still (and nearly always is) a shortage of properties and a consistent stream of buyer demand, some relocating and repatriating to our sunny shores. Buyers are still keen to transact, at fair and reasonable price points.
At the luxury end of the market - properties that are brilliantly renovated / perfectly located / have views to die for - are still achieving exceptional sale prices.
Acknowledging the hyper amount of talk about the regular RBA interest rates increases affecting both capital growth and affordability – we need to keep in mind that there are many factors that affect and influence the property prices –
some push, some pull.
Presently there’s a combination of positive influences at play which include
high home equity, rising rental income for investors, $230B in household savings, war chest mortgage offset accounts, low stock levels, overseas migration, upgrading and lifestyle buyers, materials supply constraints, and cheap home loans.
These are all working to balance and overcome the negative factors such as affordability, inflation, rising interest rates,
tighter credit, labour shortage, and market sentiment.
Considering all factors at play – the outlook for the Gold Coast property market is robust.
And talking location - the Gold Coast has taken out third place internationally in the just released Knight Frank’s International Waterfront Index for 2022, which ranks the average price premium of waterfront vs non-waterfront property. Three Australian cities took out spots in the top five –Sydney (121 percent), Auckland (76 percent), Gold Coast (71 percent), Perth (69 percent), and Cap D’Antibes (59 percent).
This insatiable appetite for waterfront homes, and their value, here on the Gold Coast is no surprise really, considering our vast ‘waterfrontage’ - ocean, canals, rivers, lakes; and the extraordinary houses and apartments that adorn them.
Please enjoy over the following pages a selection of our quality properties on the market for sale. Don’t hesitate to get in touch with any of our team if we can be of any property assistance.
PAUL ARTHUR
SOLD $2,300,000 | Main Beach
SOLD $3,750,000 | Belmont
Expertise that reaches down the block and around the world
SOLD $7,400,000 | Long Island
SOLD $2,000,000 | Southport
SOLD $4,800,000 | Chelmer
PAUL ARTHUR
Consider for a moment what it would be like to live in the tranquillity and seclusion of your own 150-acre eco retreat, yet only two hours drive from the centre of Brisbane. Located in the district of Lamington ‘Manderley’ is fringed by Christmas Creek, ridges and rugged mountains. At one edge, the house sits before a steeply rising mountain crowned by an imposing cliff face.
3 2 4
Lamington
For Sale | $2,500,000
View | By Appointment
NOTHING COMPARES. queenslandsothebysrealty.com
Classical Contemporary Luxurious Queenslander
Nestled within the hinterlands of the Gold Coast region sits this stunningly executed country-style home. Positioned on just under 8 acres of lush and useable ground the home presents as a modern homestead, recently renovated with all that is required for elegant country living. In addition, the home also comes fitted out with existing equestrian infrastructure for buyers.
5 4 3 1
39 Petsch Creek Road Tallebudgera Valley For Sale | Private Sale
View | By Appointment
NOTHING COMPARES. queenslandsothebysrealty.com
Tranquil Seductive Island Retreat - Trisara Gardens
Trisara Gardens is the perfect luxury estate, with contemporary design. Natural timber, stunning stone feature walls and courtyards surrounded by lush tropical gardens offer seclusion and tranquility! Immaculately presented in one of the most sought-after locations at Point Henning, Trisara Gardens is your perfect tropical retreat or with the potential for holiday rental.
4 3 2 1
‘Trisara Gardens’ 1 Plum Pudding Close
Hamilton Island
For Sale | Expression of Interest
View | By Appointment
NOTHING COMPARES. queenslandsothebysrealty.com
