A Remarkable Year 2021 was a successful year for Gold Coast real estate with record property prices, high demand and a growing population
62 Adm
62 Admiralty Drive, Paradise Waters
T
he time has come again to kick off another year on the Gold Coast and with borders opening up we are able to welcome back families and tourists once more. The last year was a remarkable one for real estate with Queensland seeing exceptionally high demand and the greatest number of interstate migrants since 1996. Figures from the Australian Bureau of Statistics for the year ending 31 March 2021 showed that Queensland recorded a 43,933 net increase in population with around 70 percent of this growth attributed to those relocating from other states. In the past 12 months, 74 percent of Queensland housing searches from interstate were made up of prospective buyers from NSW and Victoria while 18 percent of the total search activity for Queensland came from NSW, according to data from REA. In particular, the Gold Coast has seen a large percentage of these lifestyle seekers
looking to relocate to the coastal city, with three Gold Coast suburbs at the top of the list for buyers outside of Queensland. Surfers Paradise, Burleigh Heads and Broadbeach are the top three most searched suburbs for interstate buyers. These popular coastal suburbs have seen a surge in popularity over the past year as more relocators look toward a sea-change. Homes on the Gold Coast saw the lowest days on market ever, with CoreLogic’s Regional Market Update showing that the days on market for a Gold Coast home up till August 2021 was down to just 18 days on average, a large decrease from the 37 days recorded 12 months prior. Units also experienced lower days on market, with an average of 26 days compared to the 51 of a year ago. Dwelling values have continued on an upward trajectory with property prices across Australia rising 22.2 percent in the 12 months to November 2021 with approximately 614,635 sales across the country, the highest volume of dwelling sales seen since 2003.
Hot Property Results 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 myself, 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. 70 Hartley Road, Tamborine
