Gold Coast property market favours buyers this Spring

by Julia Corderoy26 Sep 2014
Amongst all the hype over rising property prices, new research reveals that buyers will be the ones who are better off this Spring on the Gold Coast.

An RP Data Property Discounting Report commissioned by Aussie shows that the majority of Gold Coast properties are selling below their advertised price. 

The report cites the three top Gold Coast suburbs where homes have sold below their list prices are Jacobs Well, Lower Beechmont and Guanaba for houses, and Main Beach, Tallai and Bilinga for units.

Although, Aussie chairman John Symond was not surprised by these results.

“While most property on the Gold Coast is selling below list price, this is consistent with state and national figures. The report shows buyers are in a good position on the Gold Coast to negotiate to buy a house or apartment at a good price,” he said. 

The report also revealed that on average across Queensland in the year to June 2014, 72% of houses and 75.7% of apartments were sold below their list prices. One in four houses and one in five units sold above the list price, leaving just 3% and 3.7% of houses and units selling at list price respectively state-wide.