Gold Coast real estate: ‘you can’t have a market that continues double digit growth year on year’

Property values are down slightly on the Gold Coast.
THE spring selling season has helped soften the fall of home values on the Gold Coast, a new report reveals.
The latest PropTrack Home Price Index, released today reveals Glitter Strip values fell 1.25 per cent over the September quarter.
Despite the recent falls, Gold Coast values increased 11.69 per cent over 12 months to a median of $921,000 and are up a staggering 52 per cent from pre-pandemic values.

Glitter Strip values fell 1.25 per cent over the September quarter.
PropTrack Senior economist Paul Ryan says he expects prices to slide lower in coming months. Pic: supplied.
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“It’s looking like spring activity will be quite good this year but we’re still expecting property prices to slide lower in coming months,” said PropTrack Senior Economist and report author Paul Ryan.
“Interest rates are going up but economic growth is strong; a lot of people are at that stage where they feel secure in their job.
“It’s likely Brisbane and the Gold Coast will be more resilient than other parts of the country.”

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