Are real estate prices going up right now or down like in Sydney ?

Hi Gabriella, I'm not sure when this was posted but we are currently in August 2022. The demand on the Gold Coast is still marching on compared to other regions in Australia. This is mainly due to the southern migrants leaving Sydney & Melbourne. Prices remain quite strong.

Real Estate on the GC at the moment is going up. Everything is competitive whether renting or buying. Also, look into the Queensland Government's changes to Land Tax coming into effect next year (2023) - currently you only pay Land Tax for your property in Queensland - from next year you will need to declare all your properties across Australia and your land tax will be calculated accordingly (increased). Interstate people with properties in other states look into this if buying in Qld.

The Gold Coast market at the moment is absolutely going up right now... we are seeing a large amount of buyers through open homes and not enough stock coming to market.

We're not too sure how long this will continue - the last boom went for about 2 years but this time is very different with Covid, border closures and interest rates all being major factors.

Here is a quick video on what is happening in the market right now with predictions on how long it might last: https://www.youtube.com/watch?v=gm2l9HBQ4Vw