Issue 2 | January 18th, 2018 | Why Are Buyers Flocking To The Gold Coast?
It is always such a busy time of the year and of course for us here at the Ray White Surfers Paradise Group we came out of the blocks hard and fast on Boxing Day with incredible activity as 100+ properties started marketing for The Event 2018.
There is a wonderful feel about the Gold Coast at present. Some might put it down to the excitement about the Commonwealth Games in just 11 weeks’ time, and I am not dismissing that as part of the mixture, but what is really evident is that people now have so much belief in the Gold Coast and acknowledge the billions and billions that has been spent to rejuvenate the City and have it at its sparkling best.
Why Gold Coast property is attracting Sydney buyers
We have truly been swamped, and there is no better word than swamped, with buyer enquiry. The record numbers of people holidaying here on the Gold Coast has seen record levels of buying interest, and sales have been happening left, right and centre. If you had to use one word to sum up enquiry post-Christmas, it is Sydney. The buying is coming from different groups of people such as pure investors who would have to spend $800k+ to buy something even in the outer areas of Sydney as opposed to spending in the early $400ks for a four bedroom house in Coomera, or indeed buying a brand new apartment in the inner-city area for $500 – 600k. We have the return of the holiday maker. Properties are being snapped up by people looking for properties that they can use to holiday in several times a year and casually lease out for the balance of the year, and then we have a huge surge in people exiting Sydney permanently and moving to the Gold Coast. Many of our open homes inspection numbers are featuring 50+ percent of pe ople out of Sydney. As the most dominant real estate company in Sydney, we are also receiving a massive amount of referrals from our Sydney offices with buyers wanting to lock in purchases during the month of January.
There is no doubt there are some other factors associated with confidence. Not only is the Australian economy showing signs of an upswing but so is the world economy and this was well documented in the pre and post-Christmas period. The stock market has enjoyed its best run in decades and a lot of profits are now coming out of the stock market and is being invested into the real estate market.
Millions of Australians rejected by banks
We of course are still faced with the problem of a shortage of supply of real estate for sale on the Gold Coast which is proving a little daunting for many, so we are thrilled to be offering the largest selection of property by any real estate company on the Gold Coast. We invite you to attend any of our open homes or simply speak with us so that we can understand your real estate needs and assist you. We also note that as high as one-third of all applications for finance at present are getting knocked back because APRA regulations are making it difficult, particularly for the largest four banks. With so many other financiers, our Loan Market operation, which is the third largest in the country, has been helping so many people not only in securing finance where they otherwise wouldn’t have but also with the countries lowest interest rate. Let us know where we can help you on that front. Why pay higher interest than you have to.
We invite you to join us
I formally invite you to attend our Event auction. We have 9 onsite auctions on Saturday the 27th of January and near on an additional 100 auctions on Sunday the 28th of January. It is an amazing selection of Gold Coast property and I can assure you there is something for everybody, but you should take advantage of this coming weekend which is the last full weekend of open homes, although we of course can be showing properties throughout next week. Please go to our website (theauctionevent.com.au), to look through all of our properties and if you would like a list of all the auction properties or a list of this weekend’s open homes simply contact our Event hotline on 1800 198 009.
A brilliantly positive start to 2018 and we look forward to servicing any of your real estate needs throughout 2018. Please do not hesitate to reach out to us as we are here at your service as the Gold Coast’s Business of the year.
Andrew Bell, OAM
Chief Executive Officer
The Ray White Surfers Paradise Group