Property Pressure On The Gold Coast
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Property Pressure On The Gold Coast

The region’s housing has soared following a decade of growth.

By Terry Christodoulou
Wed, Nov 17, 2021 1:09pmGrey Clock < 1 min

Property market pressure on the Gold Coast is now some of the highest in the country according to data released by InvestorKit.

In its Market Pressure Review report, the analysis indicated Broadbeach-Burleigh experienced the most significant growth with property prices increasing 38.2% from August 2020 to August 20221.

The southern Gold Coast region of Coolangatta experienced the second-highest growth rate, 21%, followed by Surfers Paradise at 18.9%.

Over the last 10 years, from 2012-2021, the report found houses significantly outperformed units.

Median house prices in Broadbeach-Burleigh and Coolangatta grew 131% and 102% respectively. Unit prices in the same areas saw increases of 53% and 86%.

Over the past 12 months, the Gold Coast has experienced a demand-led boom with monthly sales volumes growing 39.9%, while the total monthly listings have fallen 7.3%. Vacancy rates are at a crisis level with most of the regions at lower than 1%.

Forecasts – which indicate where there’s high levels of market pressure there is high ras of capital growth – suggest the Gold Coast region will continue to perform strongly over the next six to 12 months.



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11 ACRES ROAD, KELLYVILLE, NSW

This stylish family home combines a classic palette and finishes with a flexible floorplan

35 North Street Windsor

Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.

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It’s a slam dunk as a covetable $2m KDR site complete with basketball court hits the market in the Hills District

The ball is in the buyer’s court with this knockdown/rebuild opportunity

By KANEBRIDGE NEWS
Tue, Apr 18, 2023 2 min

Glenhaven in Sydney’s Hills District is one of those areas that locals tend to keep to themselves. Leafy with large blocks on offer, the suburb takes its name from its valley location, with the northern end originally known as the Glen and the southern end called the Haven. 

En route from Parramatta to the Hunter, Glenhaven has become an ideal place for growing families in search of a little more space, or even room to house several generations under one roof.

The challenge is finding properties that tick all the right boxes.

As demand for trades and supply chain issues continue to ease, now could be the right time for a knockdown/rebuild project for would-be buyers looking to create their dream home.

Fairmont Homes specialises in knockdown/rebuild projects in Sydney. General manager at Fairmont Homes, Daniel Logue, said there are key features to look for when choosing a knockdown/rebuild site.

“The key items we look for are the site falling to the street, not to the rear, to help with stormwater drainage as well as access to the site,” he said. “Neighbouring property front setbacks are also important. In some older areas, the older houses are set closer to the street, meaning your new home will have to be set to suit.

“Value for money and the return on the end sale price of the home is another issue.”

If possible, he said designing a home that meets the criteria of the Complying Development legislation will speed up approvals considerably.

While suitable knockdown/rebuild sites can be hard to find in Glenhaven, there are still hidden opportunities if you know where to look.

One block at 158 Gilbert Road, Glenhaven is ideally suited for rejuvenation. With almost 850sqm to play with, it slopes down to the street and sits between neighbouring properties that have already been stylishly updated.

 

 

An existing basketball court at the rear could provide the perfect teen backdrop to a family home, or it could make way for a larger house with landscaped gardens and pool. Alternatively, it could be the perfect position for a cabana or granny flat to serve as in-law accommodation or a source of secondary income.

With recent sales of completed homes in nearby streets reaching well above $5 million, it’s a great opportunity to make a slam dunk of a buy into one of Sydney’s best kept secrets.

Address: 158 Gilbert Road, Glenhaven
Price guide: $1.8 million
Inspection: By appointment only
Contact: William Brush, LJ Hooker Dural 9651 1566 

 

MOST POPULAR
11 ACRES ROAD, KELLYVILLE, NSW

This stylish family home combines a classic palette and finishes with a flexible floorplan

35 North Street Windsor

Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.

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