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SEPTEMBER 2016
The GCS Network team are pleased to welcome
the Spring selling season of 2016!
The coming months in Gold & Tweed Coast real
estate are expected to bring the heat, with the
volume of properties for sale traditionally rising by
at least 20% in Spring.
The Australian Financial Review has reported that
Residential stock levels are already on the rise
across the Gold Coast and our agents agree. Our
team have noted an increase of interest in luxury
homes from both local and foreign buyers.
Apartments and townhouses have also become
highly sought after with some of our recent listings
sold after just 7 days on the market.
Interestingly, despite reports earlier in the year
of an oversupply of apartments, a recent report
from Urbis suggests the Southern Gold Coast is
actually ‘running out’ of apartments with many
owner-occupiers choosing to settle in the area.
The cash rate is again a hot topic of speculation
after it was dropped to 1.5% at the beginning of
August.
CoreLogic RP Data’s Cameron Kusher suggested
the primary reason for the drop may have been
CTD SN SGD KNV HMk@SHNM QD@CHMF NUDQ SGD )TMD
quarter and the ‘stubborn strength of the Aussie
dollar’.
The Auction market is improving in Sydney &
Melbourne with clearance rates of 78% and 79%
respectively. The same can’t be said for Brisbane
though, which showed a clearance rate of 44%.
GCS Network however are having great success
with Auctions. Our August event offered 15
fantastic Residential and Commercial properties,
delivering some outstanding results.
Another successful event celebrated last month
was the Inaugural GCS Network Awards Gala
at Twin Towns in Tweed Heads, a spectacular
evening enjoyed by all. The event was a rewarding
reminder of how quickly our network has grown
and how much has been achieved.
Our team were all inspired by the night and excited
by the unlimited possibilities that lay ahead for our
network and our community.
MARKET
UPDATE
Jared Hodge
Principal
Ray White GC South Network
Jared Hodge