Property experts forecast another solid year for Gold Coast real estate, but warn to not expect another record-breaking price rise. While the city’s residential property market is still on the rise, leading real estate agents predict a modest increase for the Gold Coast’s residential real estate throughout 2022.

Interstate movement is also expected to continue, with a strong inclination for lifestyle-driven markets, such as that found on the Gold Coast. With vaccine targets met and borders fully open, many people on the Gold Coast are optimistic that property will perform well in 2022.

We’ve gathered the best Gold Coast real estate predictions here to provide you with a glimpse of what to expect in 2022.

Moderate Price Growth for the Gold Coast
We won’t be seeing another 50% increase like 2021, but it will still be a good year. Prices are expected to settle into a more stable market, with migration from the south helping maintain a moderate price growth.

Strong Interest in the Coast Property Market
Agents have already received an influx of enquiries this year, indicating that the Gold Coast real estate market will have another banner year. Covid has sparked a lifestyle re-evaluation across Australia, which has majorly benefitted the Gold Coast. More people are now making decisions to improve their lifestyle by deciding where they want to live, with the development of working from home playing a significant role in both the importance and flexibility of living location. This tendency does not appear to be slowing down anytime soon. Despite this, the price rise will be slower than in the previous two years.

No Drop In House Prices
According to real estate brokers, anyone hoping for a reduction in property prices on the Gold Coast will be disappointed. The price increase was amazing last year, and while people may not see the same levels this year, prices are not likely to collapse.

Prices will only decline when supply becomes a problem, which does not appear to be the case this year. People only sell if they have somewhere to go, but finding a place to relocate to is difficult unless they are moving outside of the area.

Anticipation of More Housing Stock
Some agents have predicted more housing stock to be released to the market this year in comparison to 2021. Last year, agents observed low inventory and high demand from local and interstate purchasers, as well as the fear of missing out among those hoping to profit from the significant capital gains seen in late 2020.

Real estate agents on the Gold Coast continue to believe that there will be more buyers than sellers this year, resulting in price competitiveness and upward pressure.

After a tough year with the effects Covid had on the market, there is a lot of buyer fatigue. However, most buyers believe that next year will bring another wave of buyer activity, so they are eager to buy as soon as possible to prevent more competition.

Conclusion
According to the predictions of real estate agents in Gold Coast, the market remains healthy, and business will continue as usual in the coming year. The industry may not be experiencing the same levels of price inflation as the last two years, but there is still a steady increase of buyers and prices remain strong.

If you’re selling your family home on the Gold Coast, don’t hesitate to let Robinson Realty assist you. We are a dynamic family business that offers a truly cost-effective real estate service and brings a fresh approach to the successful sale of your most valuable investment. Book an appointment with us today to talk about your options!