High Demand, Low Supply: The Gold Coast House Market
There’s no denying it – the Gold Coast property market is running hot. With buyers on the hunt for their dream homes and properties selling faster than ever, high demand and low supply have created the ultimate seller’s market. But what’s behind this market surge, and how can you take advantage of it whether you're looking to buy, sell, or invest?
1. High Demand, Explained
The Gold Coast has long been a destination of choice for its sunny climate, stunning beaches, and relaxed lifestyle. But lately, it's become more than just a holiday haven – it’s a place people want to call home. As a result, demand for houses has skyrocketed, with locals, interstate buyers, and even international investors all wanting a slice of the Gold Coast’s property pie.
One big factor is the “lifestyle migration” trend, with people trading the hustle and bustle of larger cities like Sydney and Melbourne for the coastal lifestyle. Add in the ability to work remotely and more flexible work-life arrangements, and it’s easy to see why people are choosing the Gold Coast as their new base.
According to CoreLogic’s recent market analysis, the Gold Coast has experienced one of the strongest demand surges in Queensland, with the coastal suburbs leading the way. Areas like Burleigh Heads, Robina, and Mermaid Waters are seeing a consistent influx of interested buyers, all hoping to secure a piece of this coveted market.
2. Low Supply – And What It Means
While demand is at an all-time high, the available supply of houses isn’t keeping pace. Fewer listings and properties on the market mean that competition is fierce. Buyers are snapping up homes quickly, often with multiple offers coming in as soon as they’re listed.
CoreLogic’s data shows that the current level of housing supply is significantly below the long-term average. This shortage is creating urgency among buyers, leading to strong auction results, quicker sales, and, in many cases, properties going above the asking price.
Sellers, on the other hand, are in a prime position. If you’re considering selling your Gold Coast home, now could be the perfect time to take advantage of the current market dynamics. With limited competition and eager buyers, the conditions are ideal for achieving a great sale price.
Wondering what your home is worth in today’s market? You can book a free property appraisal with ADS Realty here.
3. Market Trends: What We’re Seeing Now
The Gold Coast market is experiencing a “boom cycle,” with some key trends defining the current real estate landscape:
- Fast Sales & High Prices: Homes are being snapped up quickly, often within days of being listed. In many cases, open homes are overflowing with potential buyers, and bidding wars are becoming more common.
- Shift to Suburbia: While beachside suburbs are always popular, there’s growing interest in inland areas like Reedy Creek and Varsity Lakes, where buyers can find larger properties with more space while still staying within easy reach of the coast.
- Upgrading & Downsizing: With the market moving quickly, a lot of current Gold Coast homeowners are upgrading to larger homes, while others are downsizing as they cash in on their properties' appreciation.
4. What This Means for Buyers and Sellers
For Buyers: It’s a competitive market, and being prepared is key. Make sure your finances are in order, and be ready to make quick decisions when the right property comes up. It’s also wise to get pre-approved for a mortgage, so you can move confidently when it’s time to make an offer.
Need help getting your finances sorted? A loan health check can help you understand your borrowing power and ensure you're getting the best deal on your home loan. Get started here.
For Sellers: If you’ve been sitting on the fence about selling your home, now is a great time to make the move. With such high demand and limited supply, you could achieve an excellent sale price and potentially a quick sale.
Whether you're thinking of selling soon or just curious about your property's value, getting an appraisal can provide clarity and help you plan your next steps. Book a free appraisal with ADS Realty here.
5. Looking Ahead: The Market Forecast
While no one can predict the future with certainty, all signs point to continued demand for Gold Coast properties. As long as people continue to seek out the lifestyle benefits of living on the coast, and with ongoing developments in infrastructure and amenities, the market is expected to remain strong.
It’s a great time to make your move – whether you’re buying, selling, or investing – and ADS Realty is here to help you navigate this exciting market.
