July Gold Coast Real Estate Newsletter
Market Wrap
With interest rates seemingly moving to a more stable base and with the start of the new financial year confidence is returning to the market.
There have been a couple of sales over the last two weeks that have caught my eye as being significantly under last years prices, showing great value. There are still a few of these opportunities around however with interest rates steady and buyers returning to the market they will be harder to find.
For those people who are in a position to buy, now is a great time. If you are selling, it is best to sell first, then enter the market with the negotiating power of cash.
Small Fish Are Sweet - Value under $500,000
We certainly deal with a broad range of real estate here at Coldwell Banker Property Australia. As we were sitting in our weekly management meeting we reviewed a few properties over the $10 million mark which are toying with the idea of coming onto the market. This type of real estate is certainly glamorous to deal with, amazing homes, designer furniture and all of the finest fittings.
At the other end of the scale this week we exchanged contracts on a $250,000 duplex. The smaller end of market seems to be alive right now, and so it should be. They are first home buyers, super funds, serial renovators and your everyday "mum's and dad's" who are all potential buyers.
It is sales in this price range that support auction clearance rates. As an investment decision it is lower risk, not only because of the lower sums involved but because there is almost always a market for this price point.
View our range of properties under $500,000 here
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Open Home Times
For this weekends open home times CLICK HERE
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Kind Regards
Jay Carter
C.E.O.
C.E.O.