Affirming the Inevitable.

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It’s true and most certainly affirmed. The forecasts, the speculated data, the off-handed remarks made of the spring property market — they’re all true.

Right now, we’re in amid one of the most frenetic selling seasons in history, with demand strong from buyers both domestically as well as interstate, with many looking to purchase property on the coastal metropolis that is the Gold Coast.

With low interest rates, limited property stock and consistent new developments across the Gold Coast, it’s no surprise that property sales are at an all time high — further fuelling the already competitive market.

CoreLogic Data indicates that residential and commercial turnover is at an all time high – reaching a level that has not been attained in 12 years.

Unsurprisingly, Queensland is presently leading the way with 6.8 percent of market turnover, with New South Wales and Victoria sitting below at 5.8 and 4.5 percent, respectively.

The latest research indicates property demand has significantly increased over the past three months, with a considerable leap in Gold Coast property prices by a sizeable 22 percent between July 2020 and 2021.

As a result, Amir Prestige are presently witnessing a considerable amount of new listings that will indisputably satiate the appetite for entry, middle and prestige property as it pertains to buyer demand.

With a plethora of new listings throughout Sovereign Islands, Isle of Capri, Mermaid Beach and Hope Island, our coverage of the Gold Coast ensures we have something for every buyers taste.

Interstate buyers are still remarkably active in our marketplace, despite border closures and lockdowns. We are agile digital workspaces in this new unprecedented era, as such, interstate buyers are securely and remotely able to participate in all of our auctions.

At ’76 Nobby Parade, Mermaid Beach’ last weekend we had 22 registered bidders, of which 7 were interstate bidders — one of which was the successful buyer. This resulted in a sale price that exceeded vendor expectations, significantly.

With incredibly strong audiences and a significant amount of bidders at all our Auctions last weekend — including what can only be described as a gargantuan audience at ’41 Cayman Drive, Clear Island Waters’ — we now have of a multitude of cashed up buyers waiting for their ideal property to come on the market — showing us that there is truly no better time to buy, sell or invest in property on the Gold Coast.

With a fiery property season underway across the Gold Coast, it has truly never been a better time to purchase property. If you are considering selling or perhaps in the market to purchase, our team is here to assist your every want and need. Get in touch with us today for a relaxed and focused conversation on your specific needs in the market.

From the team at Amir Prestige, we hope you have a wonderful week ahead.

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