QUEENSLAND, AUSTRALIA - The prestige property market on Australia’s Gold Coast is regaining its shine as confidence about the future of the region surges in the lead-up to the 2018 Commonwealth Games.
Lucy Cole from Lucy Cole Prestige Properties said buyers at the prestige end of the market were diving in to secure better quality properties in Australia tourism capital.
“Locals and interstate buyers are looking to upgrade their homes for even better quality addresses and we have experienced a 100 percent success rate with the last 11 auctions we have had for high-end properties,’’ said Ms Cole.
“The Gold Coast saw the start of a resurgence in 2014 and that is definitely continuing this year.”
Ms Cole said the 11 recent sales included six homes that had sold under the hammer, three homes that sold before the auction was even held and another two properties that were sold within seven days of an auction being held.
“At the prestige end our average time on the market before a sale has come down substantially during the past 12 months and in several cases we have listed and sold properties within 10 days,’’ she said.
“If the prestige end of the market is moving, then it bodes well for all sectors of the Gold Coast property market.
“Confidence at the top end normally indicates that confidence in the entire market is very strong and I expect that to continue for at least the short term.”
About Lucy Cole Prestige Properties
Established on January 1st 2000, Lucy Cole Prestige Properties has rapidly grown from a small agency to achieve the status of a Gold Coast market leader, specializing in 'Top Shelf' properties in the Gold Coast-northern NSW region. The company operates from two strategically sited offices at Broadbeach and Bundall / Sorrento.