Market Holds Early Momentum The Gold Coast prestige property market is off to a positive start in 2022 with ongoing demand driving steady growth across all sectors.
T
he first couple of months in any new year provide something of a barometer for what’s to come. Following a year of record property price growth on the Gold Coast, just how much momentum carries through into this year has been the subject of much speculation. While the rate of price growth may have peaked, locally we continue to see exceptional demand across the residential, commercial, new project and executive leasing sectors. Regional residential markets outperformed capital cities over the past year and that trend continued in January when open borders enabled those southerners with sea or tree change plans to make their move. Housing values in regional Queensland grew by 2% in January, compared with an
215-217 Jefferson Lane, Palm Beach
0.8% rise across the combined capital cities over the same month. In the year to January, Gold Coast housing values recorded 36.3% growth – the second highest regional rate of growth Australia-wide. Further south, the Byron Shire had the highest median house value of any regional LGA at $1,838,286 (up 30.2% year on year). Houses on the Gold Coast have also been among the fastest to sell, averaging just 16 days on the market, according to CoreLogic’s year-to-date data. Limited supply is likely to be a consistent theme in 2022 with many property homeowners - particularly those sitting on blue chip assets - simply not willing to sell.
Kollosche has an increasing line of cashedup buyers eager to get into the market, but even unconditional offers well above market value are not enough to entice. It’s not surprising then that those premium properties that do come to market are attracting an impressive volume of enquiry via our social media channels, digital and print marketing. Solid enquiry is coming through on a rare site at 215-217 Jefferson Lane, Palm Beach which is jointly listed by Kollosche Commercial’s Adam Grbcic and Tony Grbcic, and residential agent Troy Dowker. The rare 817.4m2 double block fronts the sand and surf on a corner position with dual street frontage to prestigious Jefferson Lane and Thirteenth Avenue with approval in place for a nine-storey tower plus pool and basement parking.
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