If you’re a homeowner on the Gold Coast, you’re probably wondering if now is the time to buy or sell a house. Both options have pros and cons, so it can be hard to decide.
This blog post will look at buying and selling on the Gold Coast today to help you decide if now’s the best time for you. So, whether you’re ready to sell or are still on the fence, read on to learn more!
If you’re thinking of selling…
If you’re thinking of selling your Gold Coast home, there are a few things to consider before deciding. First, look at your home’s location and recent Gold Coast real estate market trends. Given the current upward trend, now’s a great time to sell homes on the Gold Coast, especially those in desirable suburbs. However, the market isn’t looking to fall any time soon. So, if you hold out a little longer, your home is likely to be worth more in the future than it is today.
On the other hand, if your home is in a less desirable location, you may not want to wait. Recent data from REA Group’s Market Trends March report show that homes in some suburbs, including Ormeau Hills, Reedy Creek, Oxenford a Carrara, are already cooling down, dropping more than 5% over three months.
Second, consider whether you’re selling to buy another property or selling to rent a property. If you’re selling to buy another property, you may want to wait until you’ve found the perfect new home before putting your old one on the market.
Selling to Buy
If you’re thinking of buying a home on the Gold Coast, the current market conditions shouldn’t matter all that much to you. After all, you’ll be buying in the same market that you’re selling in, so the two will cancel each other out. So, if you sell when prices are high, you’ll also be buying when prices are high.
However, there are a few things you should keep in mind. First of all, it’s always a good idea to consult with a Gold Coast real estate agent, such as myself – I will better understand what the market is doing and can offer advice on timing your sale and purchase. Secondly, don’t forget about transaction costs. When you buy a home, you’ll have to pay for stamp duty and legal fees.
Selling to Rent
The current market conditions are undoubtedly favourable if you’re considering selling your Gold Coast home to rent another. You’ll be able to sell for top dollar in a sellers’ market and then take that money to the bank and keep it there!
Of course, you’ll need to work with an experienced Gold Coast real estate agent to get the most out of your sale, but if you do, you should have no trouble getting the price you want for your home.
So if you’re thinking of making a move, now is the time to do it.
If you’re thinking of buying…
If you’re thinking of buying a home on the Gold Coast, it’s essential to do your research first. You’ll need to figure out what kind of properties are available in your price range and what features you’re looking for. It’s also a good idea to talk to a Gold Coast real estate agent to understand what’s on the market.
Once you understand what’s available, you can narrow down your options and make offers on properties that interest you. With a little bit of research and my help, we can find you the perfect home for your needs.
Buying to Invest
If you’re considering buying a home on the Gold Coast as an investment property, now is a great time. Recent data shows that the Gold Coast real estate market will only continue to rise, and the sooner you’re in, the sooner your equity will grow. With current low-interest rates, real estate is a very affordable investment.
To get started, work with an experienced Gold Coast real estate agent like myself. I can help you find the right property to fit your budget and investment goals. With a bit of research and careful planning, buying an investment property can be a very lucrative endeavour.
Buying to Live in
Now is a great time to buy a home on the Gold Coast, whether you’re a first-time homeowner or moving onto a new property. The market is favourable for buyers right now, so you’ll be able to get a good deal on your purchase. If you’re buying a property as your primary residence, there are even more reasons to do so now. First-time homeowners will benefit from getting into the market while it’s still affordable. And if you’re buying because you’ve just sold your previous home, the two transactions will cancel each other out in the same market.
So don’t hesitate – buying a home on the Gold Coast right now is a great idea. Just be sure to work with a good Gold Coast real estate agent to ensure you find the perfect property for you.
If you’re looking to buy or sell in Southport or the surrounding suburbs of Ashmore, Labrador, Biggera Waters, Parkwood, Surfers Paradise, Bundall, or Benowa, please get in touch with me! As a Southport real estate agent who has lived in the suburb since 1995, I know the area very and can help you buy the perfect home.
