Sell with Confidence
Read More
News

REIA: Australian Property Enters a Growth Period

By Andrew Bell

Australia's property market is in a period of growth, according to the latest Bendigo Bank/Real Estate Institute of Australia Real Estate Market Facts publication – which could be great news for anyone interested in selling their real estate in Surfers Paradise.

The weighted average median price for property in capital cities increased by 3 per cent for houses, and 2.2 per cent for other dwellings such as apartments and townhouses.

Currently, the average home price rests at $562,503, with Brisbane, Sydney and Melbourne spurring this growth on during the September quarter. The average median house price is now 9.5 per cent higher than this time last year.

"For the next year we expect interest rates to stay relatively low and continue to assist the market," said Peter Bushby, president at the the Real Estate Institute of Australia, in a December 11 statement.

"We expect continued steady improvement in activity in most markets and generally a more positive year ahead provided there are no left-field global issues that emerge."

This could be encouraging for anyone interested in selling their Surfers Paradise property in the near future, with the expected population boom heading towards Australia in the coming years.

Up to Date

Latest News

  • Exploring Real Estate Trends: From Market Insights to Island Escapes

    Issue 32 | Thursday 21 March 2024 | Exploring Real Estate Trends: From Market Insights to Island Escapes Hello, Andrew Bell here, with plenty to share in this week’s eNews, spanning various fronts. Particularly noteworthy is an incredible private island we’re auctioning under mortgagee terms in the Whitsundays, perfect … Read more

    Read Full Post

  • Celebrating International Women’s Day: RWSP Women in Leadership

    Celebrating International Women’s Day: RWSP Women in Leadership As we gear up to celebrate International Women’s Day on March 8th, it’s an opportune moment to reflect on the Ray White Surfers Paradise’s pride in our commitment to supporting and nurturing women in every aspect of our business. With 89 … Read more

    Read Full Post