2022 MARKET REPORT Gold Coast
Nathan’s 2022 Market Wrap-up
2022 feels like it flew by, but what an amazing year of Real Estate it was. It started off with 3 months of the fastest growth in many, many years and sellers enjoyed some fantastic gains in the market. Of course since then we have seen 9 consecutive months of Australian property price decreases.
One of the main talking points of the year was cost of living and inflation. Hitting well above the target of the RBA, inflation skyrocketed and everyone’s back pockets were hurting. Whether you were filling up on fuel, buying groceries or even buying a boat you could feel the inflation as it happened. This of course caused a knee jerk reaction and the cash rate climbed from 0.10% to 3.10% with more to come in 2023.
Despite all of these changes we have found the Gold Coast market to stay quite resilient, with record double digit growth present in many areas for 2022. What we have noticed however is the average days on market is rapidly expanding as sellers hold onto the hope of peak prices and many buyers hope for further declines. This has shifted the supply and demand levels in many areas and looks to favour the buyers in most cases.
What I think people should take the most note of looking into 2023 is sales volume. You can see in the charts throughout this report that sales volume YoY was down significantly which should mean buyer competition would increase. Despite the lack of stock we did not see a high demand per unit throughout the end of 2022 and the concern is a lift in stock levels may see prices dip further.
My advice for sellers right now is to look at the overall picture. If you have been in your home for 3 - 5 years you will be making a handy profit despite some small price changes in your marketplace. There is a great opportunity to upgrade or downsize right now and wait for the gains to come later in the year as the cash rate is predicted to start coming down. Property is a long term investment for the most part and when you look at it that way you’ll realise it is always a good time to transact!
6
PDE
LONGSTAFF CRES 5 BED | 3 BATH | 2 CAR This enormous home stands confidently on the street and is awaiting its next family! CLICK HERE to watch house tour 127 PARADISE
721m2 Don’t miss out on the opportunity to build the house of your dreams in the best location on the Northern Gold Coast! CLICK HERE to see property video
4 BED | 2 BATH | 2 CAR
Get the family out on the water with direct boating access. Located in one of the best streets in Calypso Bay, this fantastic home is absolutely stunning!
CLICK HERE to see house tour
9 WILMINGTON CT
3 BED | 2 BATH | 4 CAR
This home is something else! Bursting with country character and backing on to the picturesque Helensvale Golf Course you’ll get the instant homey feel just stepping over the threshold.
CLICK HERE to watch house tour
20 POINCIANA PL
$1,105,000 28 SARABAH WAY $810,000 431 GAINSBOROUGH DRIVE $3,670,000 26 THE BOULEVARDE $885,000 3 OAK HILL CRESCENT $835,000 46 WRAIGHT STREET $1,550,000 515 OYSTER COVE PROMENADE $843,000 36 YATALA STREET $651,000 24 KALGOORLIE STREET $850,000 8 MORGAN COURT $1,400,000 102 TAMWORTH DRIVE $1,030,000 53-55 LOCHVIEW COURT $845,000 27 EMMAVILLE CRESCENT Sold by
$1,499,000 28 WALDORF PLACE $1,420,000 51-53 RIEMORE CIRCUIT $745,000 39 KALGOORLIE STREET $1,205,000 132 PARADISE PARADE $1,995,000 275 HARBOUR BOULEVARD $1,390,000 2/2 VAGGELAS CRESCENT $870,000 57 MELVILLE DRIVE $2,700,000 16 POINCIANA PLACE $811,000 18/53 DARRAMBAL STREET $1,630,000 91-93 RIEMORE CIRCUIT $1,750,000 126 RIEMORE CIRCUIT $760,000 9 SHAWNEE CRESCENT $2,100,000 14 POINCIANA PLACE $1,630,000 74-78 RIEMORE CIRCUIT $867,500 23 WOLLEMIE STREET
Suburb statistics 2021 vs 2022 2021 2021 2021 2021 2022 2022 2022 2022 $1,000,000 $750,000 $500,000 $250,000 +25.23% +12.38% +23.64% +16.00% $0 PIMPAMAJACOBS WELLHELENSVALEORMEAU
Median House Price
2021 2021 2021 2021 2022 20 2022 2022 800 600 400 200 -28.30% -43.18% -42.91% -26.63% 0 PIMPAMAJACOBS WELLHELENSVALEORMEAU Number of House Sales Suburb statistics 2021 vs 2022 Your suburb not featured? CLICK HERE TO CHECK ON YOUR LOCATION
Thank You!
To everyone who attended our first Annual Christmas Movie in the Park, and to our awesome sponsors. It was a great night and we look forward to bringing it to you again in 2023. CLICK HERE to see event video
Enter now for your chance to win! ENTER NOW GOLD COAST RESIDENTS 18+ | ENTRIES CLOSE 5PM JANUARY 24TH $569.99 valued at LIVE 12PM JANUARY 25TH Winner to be announced
Aswekickoff2023therearealreadytalksofinterestrates andpotentiallymorerises.Whatweknow isthatinFebruary weareexpectinga0.25or0.5basispointrisewiththe remainderofthemonthrelativelyunknown.
Forthosesellersandbuyerscuriousorconcernedabout whatthefutureholdsthatiscompletelyunderstandable. Whatispositiveisthattherearealreadytalksofinterestrates droppingtowardstheendoftheyear.Whatthismeansis thereisanexcellentopportunityforbuyersandsellersright now tomakeamoveinaslowermarketbeforetheratesdo dropandkickstartthemarketoncemore.
Exit49Upgrade(Pimpama)isstartingtogetmoreserious withtreeremovalnearingcompletionforthenew offandon ramplocations.Weexpectinthecomingmonthstosee higherlevelsofworksandpreparationfortheroundabout demolitionandbridgeworksaswell.
ThePimpamatrainstationearlyworksiscontinuingalong withdrainageworksbeingundertakenforthenew intersectionbeforethemajorearthworkscontractoris selectedandworksbegin CostcoCoomeraistravellingatlightningpacewiththenew facilitysettoopenbeforeJuneof2023.
TheCoomeraConnectorearlyworkspackageisunderway withtheMainroadconstructionsettobeginfortheShipper drivecorridorearlyin2023.
GoldCoastLightRailStage3isunderwaywithcompletion expectedin2025.
EXPERIENCE THE Difference
Seller Review
After meeting Nathan regarding the sale of our house, we knew we were in safe hands. From marketing to communication and contract handling, Nathan and his team performed superbly. Every step was outlined to us in detail, and we we able to contact Nathan anytime we had questions. The rate rises had made selling a tricky process, but Nathan ans APG navigated the storm expertly and got us sold without compromising on what we were after. Thanks again to Nathan and the team at APG. If you’re looking to sell, look no further than Nathan!
Buyer Review
Nathan was helpful in negotiating the purchase of our new home. He answered all my questions in a timely manner and made the process easy. I would highly recommend him as an agent and guarantee you won’t regret it. Thank you Nathan!
Seller Review
Working with Nathan was stress-free for us. He is a fantastic realtor, extremely responsive and has done a wonderful job. He was always giving us good advice and has extensive knowledge about the area and trends. Overall, he has been a huge help selling our property in a market which was under downward pressure.
Buyer Review
It’s been a pleasure dealing with Nathan for our recent property purchase. Excellent communication even over the Xmas period which was very refreshing! We were in constant contact throughout the process and knew exactly what was going on at all times which really gave us a lot of comfort and assurance during what can be a stressful time. Nathan is friendly, responsive and super helpful. We highly recommend Nathan and All Properties Group. Thanks so much for making our buying process so easy.
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ALL DATA IS PREPARED USING CORELOGIC RP DATA AND IS BASED ON INFORMATION DISCLOSED AS OF THE 3RD OCTOBER. THIS INFORMATION IS SUBJECT TO CHANGE.
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