Welcome to the February monthly report from Rose & Jones, where we recap the latest insights from the last 60 days to inform your property search, with detailed insights across six suburbs in Queensland and Northern New South Wales. The following statistics and observations aim to help you make informed decisions in your property search and investment strategies.
Burleigh Heads QLD 4220
- New Sale Listings: 88
- Average Days on Market: 67.5
- Average Vendor Discount: -2.11%
- Recently Advised Sales: 41
- Recently Withdrawn Listings: 195
- Total Rental Listings: 207
Key Insights:
Burleigh Heads remains highly active with 88 new listings and 41 advised sales. However, properties are taking an average of 67 days to sell, indicating longer negotiation periods. The vendor discount of -2.11% suggests buyers are securing modest price reductions. With 207 rental listings, the suburb continues to offer strong rental opportunities, making it appealing for investors.
Palm Beach QLD 4221
- New Sale Listings: 117
- Average Days on Market: 48.22
- Average Vendor Discount: -0.47%
- Recently Advised Sales: 33
- Recently Withdrawn Listings: 203
- Total Rental Listings: 200
Key Insights:
Palm Beach has recorded the highest number of new listings (117), reflecting strong supply in the market. Properties are moving at a steady pace, spending 48 days on market, and the vendor discount of -0.47% suggests that sellers are achieving close to their asking prices. The rental market remains strong, with 200 listings ensuring consistent tenant demand.
Elanora QLD 4221
- New Sale Listings: 47
- Average Days on Market: 54.34
- Average Vendor Discount: -1.73%
- Recently Advised Sales: 29
- Recently Withdrawn Listings: 64
- Total Rental Listing: 42
Key Insights:
Elanora’s market activity remains steady, with 47 new listings and 29 recent sales. The average days on market at 54 suggest moderate demand, while the vendor discount of -1.73% indicates that buyers are securing reasonable price reductions. With only 42 rental listings available, rental demand is likely to remain high, offering solid opportunities for investors.
Kingscliff NSW 2487
- New Sale Listings: 50
- Average Days on Market: 66.59
- Average Vendor Discount: -2.35%
- Recently Advised Sales: 21
Recently Withdrawn Listings: 117 - Total Rental Listings: 88
Key Insights:
Kingscliff presents an active sales market with 50 new listings and 21 recent transactions. Properties are spending just over 66 days on market, giving buyers ample time for negotiation. The vendor discount of -2.35% highlights some price flexibility. Rental availability remains strong with 88 listings, making it an attractive market for both homeowners and investors.
Casuarina NSW 2487
- New Sale Listings: 23
- Average Days on Market: 71.06
- Average Vendor Discount: -5.77%
- Recently Advised Sales: 11
- Recently Withdrawn Listings: 46
- Total Rental Listings: 29
Key Insights:
Casuarina saw a higher-than-average vendor discount of -5.77%, indicating that buyers have greater negotiating power in this area. Properties are spending just over 71 days on market, reflecting slower sales activity. With only 29 rental listings, there is limited rental supply, which could present an opportunity for investors looking to secure strong tenant demand.
Cabarita Beach NSW 2488
- New Sale Listings: 4
- Average Days on Market: 69.33
- Average Vendor Discount: 0.00%
- Recently Advised Sales: 0
- Recently Withdrawn Listings: 4
- Total Rental Listings: 2
Key Insights:
Cabarita Beach recorded the fewest new listings (4) and no recently advised sales, reflecting a quieter market. The lack of vendor discount suggests sellers are achieving their asking prices. With just 2 rental listings, rental availability remains extremely tight, presenting a niche opportunity for investors.
Summary of February Insights
This analysis identifies key trends across these coastal markets. Palm Beach and Burleigh Heads remain strong in terms of new listings and rental availability, while Casuarina and Kingscliff offer opportunities for buyers to negotiate better deals. Investors may find Elanora and Cabarita Beach appealing due to their limited rental supply and potential for tenant demand.
Whether you’re looking to buy or invest on the Gold Coast, our team of buyer’s agents can help. For help getting started or more detailed information on any of these suburbs, please feel free to reach out to Oliver Dunstan at Rose & Jones.
Oliver Dunstan
Rose & Jones
