WHEN I refer to the swell on the Gold Coast over the next two weeks, I’m not referring to the surf.
For Brisbanites heading south to the Gold Coast for the next few weeks is going to be a great place to relax on the beach during the school holidays.
For some of our friends from across the boarder or from overseas it’s also going to be a place to compete in or watch some of the world’s leading sporting events at the Commonwealth Games.
So for whichever reason the Gold Coast population is about to swell to epic proportions and for the local property market that means action.
Many real estate groups are taking advantage of this population swell and have scheduled huge auction events to showcase some of the coast’s finest properties.
Many owners have agreed with agent’s predictions and have locked in their auction date for their slice of the action.
Ray White will be showcasing over 50 properties on 22nd of April at the Sheraton Grand Mirage.
The reason agents encourage owners to sell during this time and auction numbers increase is purely because of the increase in possible competition.
An extra holiday maker, an international speculator and a local buyer will drive prices much higher than just the local buyer on the footpath.
Sure, whenever people hear about international buyers driving up prices they question whether that’s a good thing. That is until they are the one selling and then they think it’s the greatest show on earth!
I don’t expect prices to skyrocket, but it will be a nice uplift to a coastal region that has taken more than its fair share of hits over the last ten years.
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