THE BLOOM BOOM: THE SOUTHERN GOLD COAST’S
Spring Surge
Spring is here, bringing a fresh wave of opportunities in the Southern Gold Coast property market Currently, stock levels are lower than usual, creating a seller's market with less competition and the potential for quicker sales at strong prices If you've been contemplating a move, this could be your ideal window before more properties hit the market later in the season
We’re also seeing a surge in first home buyers, particularly in the sub-$700K range, spurred on by enticing incentives If your property falls within this bracket, you ’ re likely to attract significant interest from these motivated buyers
As the season progresses, more listings are expected, offering buyers more options but also increasing competition for sellers Listing your property now could give you a competitive edge before the market becomes more saturated And, of course, spring is when curb appeal is at its peak Your garden, in full bloom, can significantly enhance your property’s charm and appeal, making it the perfect time to showcase your home
Whether you ’ re selling, buying, or simply exploring the market, now is the time to take action. Stay informed, stay agile, and make your move before the season slips away
John Parkes
Selling Principal Ray White Tugun 0418 245 590 john parkes@raywhite com
SOLD for $856,000! A big congrats to our sellers, and best of luck to the new owners on their renovation adventure!
Ready to find out what your home’s really worth? Scan now to book a complimentary appraisal with the John Parkes team!
Tugun
Inflation Trends: Inflation rose slightly above expectations, hitting 3 9% compared to the forecasted 3 8% While this increase is modest, it wasn't enough to push the RBA toward a rate hike
Weak Economic Growth: The economy showed signs of weakness, with GDP growth recorded at just 0 1% in the first quarter This sluggish growth likely influenced the RBA’s decision to keep rates unchanged
Impact of High-Growth Items: Certain high-growth items like fuel and rent continue to drive inflation
Earlier this year, there was anticipation of a rate cut by October Unfortunately, that timeline has now shifted, with the RBA likely to keep rates steady until mid-2025 While other major economies are reducing rates, Australia is holding firm, navigating a delicate balance between controlling inflation and supporting economic growth
Palm Beach Snapshot
CHIEF ECONOMIST RAY WHITE
