Unit prices on the Gold Coast have risen by 3.95 per cent over the past quarter, while house prices have risen by 0.36 per cent.
Gold Coast property prices have jumped 1.43 per cent in the February quarter.abc.net.au/news/gold-coast-real-estate-data-unit-prices-peaking/102033592Gold Coast unit prices have reached a "fresh price peak", with a year-on-year increase of 10.32 per cent, while overall falls in the housing price market have "lost momentum".
PropTrack senior economist Eleanor Creagh said market conditions shifted very quickly last year with substantial interest rate tightening and home prices falling in most parts of the country. "We've seen that home prices bounced in February in most markets, over the last quarter, home [all dwelling] prices on the Gold Coast have jumped 1.43 per cent," she said."There is weaker home buying demand with consumer confidence having fallen and expectation of further home price falls," she said.
"That's also being balanced by the fact there's fewer poperies for sale at the moment, so there's less choice for buyers."
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