GOOD news for buyers, not so great news for sellers.
A new report released today has revealed that the majority of Gold Coast properties are selling below their advertised price.
The Aussie Home Loans and RP Data Property Discounting Report shows very few houses and apartments have been sold over the last year at their advertised price.
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The report cites the three top Gold Coast suburbs where homes have sold below their list prices are Jacobs Well, Lower Beechmont and Guanaba for houses, and Main Beach, Tallai and Bilinga for units.
In contrast, houses in Mudgeeraba, Varsity Lakes and Palm Beach, and apartments in Pimpama, Bonogin and Maudsland were the top three areas with property selling above their list prices
Chairman of Aussie, Mr John Symond said this means there are good opportunities for buyers this spring.
“While most property on the Gold Coast is selling below list price, this is consistent with state and national figures. The report shows buyers are in a good position on the Gold Coast to negotiate to buy a house or apartment at a good price,” he said.
You can download the free Aussie/RP Data Property Discounting report here