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This can't be real 33% growth in 6 months in Main Beach, QLD?

Discussion in 'General Property Chat' started by Dan Donoghue, 4th Dec, 2015.

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  1. Dan Donoghue

    Dan Donoghue Well-Known Member

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  2. larrylarry

    larrylarry Well-Known Member

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  3. Bran

    Bran Well-Known Member

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    See that building from the spa? That's my old place.

    I wouldn't live in Main Beach without a view. What's the point? Something needs to trade off the noise.
     
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  4. Steven Ryan

    Steven Ryan Mortgage Broker Business Plus Member

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    High end suburbs with low numbers of sales don't produce reliable data. If a few of the SUPER nice houses sell one year and then a few of the more "standard" ones sell the next, it looks like prices have plummeted when in fact, just different types of dwelling sold.
     
  5. MTR

    MTR Well-Known Member Premium Member

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    Its not SOLD yet, lets see if they get it, they may? but it may also be listed too high? I don't know, just saying.... lets review again soon and see what they get.
     
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  6. Handyandy

    Handyandy Well-Known Member

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    Triers!!!! Doesn't give a true value until sold.
     
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  7. Bran

    Bran Well-Known Member

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    Worth a shot. I didn't know the previous sale prices of the first two properties I bought. I've learnt a lot since then, don't worry.
     
  8. big max

    big max Well-Known Member

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    The GC is on the verge of a boom. Smart money just starting to move in now. So yes its quite possible.
     
  9. MTR

    MTR Well-Known Member Premium Member

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    Hi BM
    Gold Coast may be moving, but smart money does not buy over priced houses in this price bracket. They generally looking for yield, development sites etc.

    Good luck if they get what they want, but it they have it well over market value, it will sit on the market, and they have shot themselves in the foot. I have seen this happen time and time again, this is not smart thing to do when selling.

    MTR:)
     
  10. big max

    big max Well-Known Member

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    Agree!
     
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  11. big max

    big max Well-Known Member

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  12. Azazel

    Azazel Well-Known Member

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    According to that article, it already is booming:

    "And it’s not just the luxury end of the market that is doing well, with the lower end booming.

    The median sale price for houses grew by 6.4 per cent to $550,000 for the 12 months to August according to CoreLogic."
     
  13. big max

    big max Well-Known Member

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    Yeah starting too but still really early days and coming off a low base. Much more upside to come ...
     
  14. MTR

    MTR Well-Known Member Premium Member

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    very interesting.

    Big Max
    What would you buy in current market, am just curious??4

    I sold a property in Nerang, I this is the Logan of CG??

    What product do you think is going to experience/achieve best growth in this area???
     
  15. Bran

    Bran Well-Known Member

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    Yes. But again the properties vary from beautiful homes on big blocks to bog standard brick 3/1s.
     
  16. MTR

    MTR Well-Known Member Premium Member

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    OK, right.
    So this area has potential for developers to jump, I don't know this area at all.

    MTR:)
     
  17. Bran

    Bran Well-Known Member

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    MTR, I haven't looked into it greatly, but it wouldn't immediately spring to mind of suburb with development potential. It's nearly as far inland as accessible suburbia has spread, about 10-15mins drive into Southport. I believe there is the potential for loads of supply as it is heading away from the beach, with no natural limit. Maybe small stuff/splitter blocks, but I think an apartment block would be out of place with so much in competition closer to the beach and jobs. Others are probably more knowledgeable - I'm looking at the Coast (always), but not here.
     
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  18. MTR

    MTR Well-Known Member Premium Member

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    Thanks
    Where are you looking, if you don't mind sharing??

    Interesting that the GC is on the move, it has been down for so many year.
     
  19. Mel_C

    Mel_C Well-Known Member

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    Yeah Nerang is a funny place the houses out the back are beautiful and on acreage. I don't think you will see developers in Nerang right now there are some new developments going in around the train station. Nerang is very popular for first home buyers as its affordable. There is this new estate going in at Worongary that will bring a lot of new stock on the market in the future. They are likening it to Varisty Lakes. http://www.goldcoastbulletin.com.au...ts-in-3500-homes/story-fnjdgobq-1227271871634
     
    Last edited: 5th Dec, 2015
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  20. Mel_C

    Mel_C Well-Known Member

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    I honestly think all of the gold coast is going to move....obviously some suburbs will do better than others though :)
     
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