Queensland Market Insights Report

Surfers Paradise Beach in Queensland

Welcome to our latest Market Insights Report, prepared to provide you with a detailed analysis of select suburbs over the last 60 days. At Rose & Jones, we are committed to offering you crucial insights to aid you in making informed decisions about property investments.

This report has been thoroughly compiled with data sourced from CoreLogic, ensuring the highest standards of accuracy and reliability.

Key Insights for Buyers:

High-demand areas like Palm Beach and Kingscliff show significant activity with numerous new sale listings and advised sales, indicating dynamic markets. Suburbs such as Casuarina and Elanora exhibit moderate turnover, suggesting that properties are selling steadily. Stability in markets like Burleigh Waters and Cabarita Beach is evident, with properties often selling close to or at asking prices. Meanwhile, Kingscliff and Burleigh Waters offer strong investment potential, characterised by above-asking price sales and vibrant market activity.

Why It’s a Good Time to Buy in QLD and Northern NSW:

The current real estate climate in Queensland and New South Wales offers a prime opportunity for property investment. With interest rates stable and expected to decrease further towards the year’s end, buyers can benefit from favourable borrowing conditions. Moreover, the resilience of the market and the high demand for properties in these regions make it an opportune time to consider property acquisitions.

Queensland Market Insights Graph

Suburb Overview:

Burleigh Waters, QLD, 4220

The market has shown a steady pace with 108 new sale listings over the past 60 days. Properties in this area spend an average of 32.49 days on the market, with an average vendor discount of -0.34%, indicating that properties are selling very close to their asking prices. The suburb has seen 57 recently advised sales and 56 instances of recently withdrawn advice, highlighting a consistent market. With 81 total rental listings, Burleigh Waters remains a sought-after area for both buyers and renters.

Palm Beach, QLD, 4221

Exhibits a slower turnover with 170 new sale listings. Properties here spend an average of 44.34 days on the market, with an average vendor discount of -1.13%, suggesting that buyers are negotiating discounts. With 72 recently advised sales and 133 recently withdrawn advice, the market remains competitive. The rental sector is robust, with 225 listings available, making Palm Beach an appealing location for potential investors.

Elanora, QLD, 4221

Presents a vibrant market with 43 new sale listings. Properties average 34.88 days on the market, and the average vendor discount is -1.57%, reflecting stable pricing. The suburb has seen 31 recently advised sales and 18 instances of recently withdrawn advice, showcasing strong market activity. With 45 rental listings, Elanora continues to attract both buyers and renters.

Kingscliff, NSW, 2487

Offers a dynamic market with 144 new sale listings. Properties here spend an average of 32.24 days on the market, and the average vendor discount is 0.13%, reflecting above-asking price sales. The suburb has seen 45 recently advised sales and 60 instances of recently withdrawn advice, indicating a bustling market. With 80 rental listings, Kingscliff remains a stable area for investment.

Casuarina, NSW, 2487

Shows quick turnover with 65 new sale listings. Properties here spend an average of 38.93 days on the market, and the average vendor discount is -3.32%, suggesting substantial negotiations. The suburb has seen 20 recently advised sales and 23 instances of recently withdrawn advice, maintaining a balanced market. With 22 rental listings, Casuarina continues to attract both buyers and renters.

Cabarita Beach, NSW, 2488

Rounds out our report with a low level of market activity. There have been 3 new sale listings, and properties spend an average of 29.67 days on the market. The average vendor discount stands at 0.00%, reflecting no negotiations. The suburb has seen no recently advised sales and 1 recently withdrawn advice, indicating a steady market environment. With 2 rental listings, Cabarita Beach presents a moderate but steady market for investors.

For further exploration of these opportunities or personalised assistance, please do not hesitate to contact us. Your property aspirations are our priority.

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