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Buyers emerge in the Gold Coast and Tweed regions

On Feb 20 2013
Tagged as:
  • QLD


The Gold Coast and Tweed property markets are seeing a surge in buying activity thanks to ...

The Gold Coast and Tweed property markets are seeing a surge in buying activity thanks to favourable economic conditions.

That's the assertion of LJ Hooker property and sales consultancy manager Gary Whyfon, who said the residential real estate sector has turned a corner in the first two months of the year.

Mr Whyfon told APN Media that "buyers are no longer sitting on the fence - they're making a move".

"I think people are just sick of waiting and they know they won't find a better price than what's currently available," he remarked.

"The recent fall in interest rates is also a major selling point for buyers."

The property expert urged people to take advantage of the current market, because historically, there is usually an increase in consumer confidence following a federal election.

Mr Whyfon's comments come after the Real Estate Institute of Queensland's (REIQ) December quarter median house price report showed sales were higher than usual in the December quarter.

The data showed that property sales increased eight per cent in the three months to December when compared with the same period in 2011.

REIQ chief executive officer Anton Kardash said this was particularly encouraging considering the end of the year is traditionally a quiet time for the market.



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