Gold Coast
MARKET REPORT
FEBRUARY
2023
Nathan’s Market Wrap-up
Can you believe it’s March already and the quarter is coming to a close! After experiencing another rise in interest rates we thought we would see an increase in stock and decrease in buyer demand, but so far that has not happened. There was very strong buyer demand and results throughout most suburbs of the Northern Gold Coast.
What we have noticed is that sellers have caught up to where the market value is at now and luckily are experiencing little seller competition. Buyers on the other hand are now of the belief we are nearing the end of interest rate rises and are hoping to get in to ride the wave back down in the coming 12 months - 2 years.
The unknown right now is what is going to happen to the 56% of mortgage holders who’s fixed rate ends in the coming months. Will this cause distressed selling? An influx of stock on the market? A decrease in buyer demand? …… Unfortunately we won’t know until time has passed but it does appear that Aussies are prepared to weather this storm for now!
House& Land PackagesAvailable 127ParadiseParade
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Questions for your agent
Picking the right agent for you and your property is super important. You should be looking for someone who wants to sell your home with honesty and integrity, rather than someone who wants to line their pockets. Hear 5 questions I would ask an agent if I was selling my home.
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Verified Seller Review
Nathan was incredible. His communication was superb and I always knew what was happening. In a changing market we achieved an amazing result and sold in less than a week. Nathan is a true professional and worked very hard all the way throughout the sale. I wouldn’t think twice about using him as my agent in the future. Truly amazing experience!
Verified Seller Review
Nathan has been outstanding with his honesty, knowledge of the market. He has gone above and beyond to help with the sale of our property, I would highly recommend him to anyone who needs an agent. Nathan worked hard to gain us the maximum for our property. Thank you Nathan.
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