The top fastest-selling Gold Coast suburbs

PROPERTY in the northern Gold Coast is selling faster than anywhere else in the city, new research reveals.

PropTrack data shows Oxenford is the fastest-selling suburb for houses with the median days on market sitting at 24.

The suburb is home to some of the city’s theme parks and big attractions including Movie World, Wet’n’Wild, Top Golf, Australian Outback Spectacular and Game Over.

Willow Vale and Pacific Pines round out the top three fastest-selling suburbs at 26 and 30 days.

Highland Park and Nerang are also popular with houses snapped up within 32 days.

22 Antipodes Close, Pacific Pines hit the market this week with a price tag of offers above $789,000.

For units, Pacific Pines is the standout with properties staying on the market for just 22 days.

Arundel and Nerang follow at 27 and 28 days.

Despite the northern corridor selling like hot cakes, the city’s median has ballooned to 41 days on the market.

During the pandemic when buyers were scrambling to secure property — often unseen — the median days on market hit a low of 32.

Agents Matt Willson and Tennille Glassop, of Sold Street Real Estate – Oxenford / Upper Coomera, said they were seeing large numbers of potential buyers through their open homes.

“Oxenford is still fairly well-priced compared to the comparative market and you get a lot of bang for buck,” Mr Willson said.

“Especially compared to the southern suburbs.

“The houses in Oxenford are on fairly big blocks as well which is drawing buyers into the area.”

2/8 Metro Crescent, Oxenford.

Mr Willson said units were also popular in Oxenford with a wave of new owner-occupiers moving into certain pockets.

“We’ve noticed at Studio Village, they used to be all rentals but now we have a lot more owner-occupiers in there,” Mr Willson said.

Mr Willson and Ms Glassop are marketing 2/8 Metro Crescent, Oxenford, a three-bedroom duplex.

Oxenford is one of the fastest-selling suburbs on the Gold Coast. Louise Saunders outside her Oxenford duplex. Picture Glenn Hampson

Vendor Louise Saunders bought property in early, 2020 — she was searching for something she could renovate.

“Price was a big thing — it was affordable,” Ms Saunders said.

“I also grew up in Helensvale and knew the area and I could see how it was changing.

“It’s definitely getting busier and more families and owner-occupiers are starting to move into the suburb.”

Ms Saunders said she wasn’t surprised to see buyers snapping up real estate in Oxenford.

“I can see the appeal of the area,” she said.

“It’s very central to Brisbane and to the beaches without being right in the hustle and bustle.

“You’ve also got your bigger streets and more established areas, good facilities, public transport and schools.”

The renovated duplex, on the market at offers over $629,000, features open-plan living areas, a new kitchen with wooden benchtops, covered outdoor entertaining area and a front deck.

Dean McMurtrie and Jane Doogan, of LJ Hooker Property Solutions, have listings from Pacific Pines to Highland Park and said the northern Coast was still a popular haven for buyers.

“Properties are still very much in demand,” Mr McMurtrie said.

“We are seeing properties on average selling fairly quickly with stock still low and buyer demand still strong.

“(It’s) still strong out there (but there’s) not enough stock to match buyer inquiry.”

Median days on market

HOUSES

Oxenford, 24

Willow Vale, 26

Pacific Pines, 30

Highland Park, 31

Nerang, 32

UNITS

Pacific Pines, 22

Arundel, 27

Nerang, 28

Reedy Creek, 30

Oxenford, 30

Source: PropTrack

Article source: www.realestate.com.au

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