Q3 MARKET INSIDER
director’s REPORT
The Northern Gold Coast property market has seen a slight uptick in stock levels, although buyer sentiment appears to be softening. This shift has resulted in higher discounts on properties across several suburbs, signalling that sellers are adjusting to a less competitive environment.
As we move into spring, traditionally a busy time for real estate, more properties are expected to hit the market. However, with buyer activity showing signs of cooling, we may see fewer bidding wars and a longer time on the market for some listings.
While this could be advantageous for buyers looking for more room to negotiate, sellers may need to be realistic with pricing to meet the changing demand. It will be interesting to see how the balance between supply and demand unfolds in the coming months.
For tailored advice and to optimise your selling strategy, get in contact today.
HOUSE PRICE
COMPARED TO Q3 2023
$1,069,947.37
SETTLEMENT PRICE
NO. OF SETTLEMENTS $20,329,000 VALUE OF SETTLEMENTS
our
location is now open.
We couldn’t be more proud to announce that our Gold Coast office is officially up and running, providing our growing team a hub to work and collaborate in.
11 Blanck Street, Ormeau 4208
MEET sarah heke
Did you know we do rentals? Sarah Heke is the head of our property management team and is dedicated to providing investors and tenants with the utmost care, attention and expertise.
0414 037 007 | 3800 4000
sarah.heke@allpropertiesgroup.com.au
YOU’RE invited
The annual All Properties Group Christmas Movie in the Park is back for its third year, bigger and better than ever. Taking place in Bim’bimba Park, the festivities kick off at 2:30PM on the 15th of December. We look forward to celebrating the holidays with this free event for our community.
FREE TICKETS
$856,000
welcome kyle & ryan.
Our team is growing, meaning we can provide a high level service to even more of the Gold Coast.
KYLE VAN NIEKERK
Ormeau Hills Specialist 0421 705 403
RYAN APPLEBY
Oxenford Specialist 0422 335 769
feature properties.
126 STEWART ROAD
5HA | 5 BED | 2 BATH | 8 CAR
A beautiful home, thoughtful outdoor entertaining, endless business opportunities, and a tranquil atmosphere.
5 HALIFAX CIRCUIT
728M 2 | 4 BED | 3 BATH | 3 CAR
This stunning property presents a unique opportunity for discerning buyers seeking an exquisite fusion of style, comfort, and privacy.
30 PACHA CLOSE
852M 2 | 3 BED | 2 BATH | 2 CAR
An exquisite family retreat nestled within the prestigious gated community, offering the perfect blend of contemporary luxury and natural serenity.
4 FLAXTON STREET
640M 2 | 4 BED | 2 BATH | 2 CAR
This tri-split level home located in a family-oriented area in Ormeau is architecturally designed to add flare and functionality to modern everyday life.
construction update.
COOMERA HOSPITAL
The 404 bed hospital is currently going through major earthworks with the civil construction team making great headway preparing the land for a mega build on the Northern Gold Coast. Completion is due second half of 2027.
PACIFIC MOTORWAY UPGRADES | EXIT 49
Construction continues with the second bridge open and both roundabouts successfully removed with lights now installed. Work continues to open up all lanes including the new Pimpama on-ramp.
YAWALPAH ROAD UPGRADE
Construction is moving forward at a great pace with bridge duplication early works now underway. These upgrades are due for completion by 2026.
December 15th 2024 from 2:30PM
NAVIGATING THE MORTGAGE LANDSCAPE:
A 2024 MARKET OVERVIEW BY LOAN MARKET DAN BROWN TEAM
As we head into the final stretch of 2024, the mortgage sector remains vibrant, shaped by the Reserve Bank of Australia’s (RBA) policy adjustments. These changes have led to moderate fluctuations in interest rates, which are now between 3.5% and 4.0%.
This scenario presents both challenges and opportunities for prospective homebuyers and investors, particularly in Queensland where property markets have seen about a 5% increase in median house prices over the past year, fueled by high demand and limited supply in key areas like Brisbane and the Gold Coast.
Key Market Insights:
• Interest Rates: Current rates encourage new entrants into the market and provide favourable conditions for investors.
• Property Trends: Continued growth is anticipated, as reported by the Real Estate Institute of Queensland, with an upward trend in home values
Government Initiatives for First-Time Buyers
In an effort to make home ownership more accessible, the Queensland Government has introduced new measures to assist first-time buyers, including extended support to New Zealand visa holders. These initiatives are designed to enhance affordability and open up the housing market to a broader audience.
Notable Government Support Includes:
• First-Time Buyer Grants: Increased from $15,000 to $30,000, aiming to make home buying more attainable.
• Stamp Duty Concessions for NZ Visa Holders: Potential savings of up to $8,000, widening the scope for New Zealand nationals residing in Queensland.
STAY ENGAGED AND INFORMED!
Whether you’re refining your existing mortgage plan or embarking on a new property journey, our expert advice is designed to guide you to financial success.
Free Consultation: Reach out to schedule a session with the Loan Market Dan Brown team to discuss how you can best leverage current market conditions.
Book Online Today: Schedule a FREE consultation
Stay Updated: Don’t miss our upcoming seminars focused on further investment strategies and market analysis. Follow our social pages for the latest news, tips and offers.
Join the conversation and keep informed with the Loan Market Dan Brown team - where your financial success is our commitment.
Loan Market Dan Brown Team 2B/ 1 Belmore Dr, Rochedale South QLD 4123
P: 07 3185 5911
Kerry and his team provide a professionalism to the real estate industry that is knowledgeable, genuine and friendly. Kerry maintained weekly contact throughout the process to check in with us and to provide any updates or answer any questions. If you are looking for a real estate agent that is passionate about their profession and provide an upfront approach, then Kerry and his team are the agents for you.
Willow Vale Buyer Review
Ryan is a great Agent to work with. He is professional and he is very knowledgeable of the market. Thank you Ryan for selling my property so quick. Job Well Done.
Merrimac Seller Review
“
Nathan was a great communicator in what was a more complicated sale. He navigated the many moving parts well while offering professional advice and a friendly ear when required.
Ormeau Seller Review
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