Real estate agents say best start in a decade
PROPERTY sales are booming across the Tweed and southern Gold Coast, with some agents recording substantially high sales periods.
Rainbow Bay Realty have had the best start to the year in a decade, DJ Stringer's April and May sales are running on a five-year high and LJ Hooker said they are also having a busy year.
DJ Stringer alone sold 31 individual properties regionally in April and May, totalling almost $16 million.
"Spring is generally our strongest sales period, but we have witnessed an unseasonal sales spike during April and May which is showing all signs of continuing into winter," DJ Stringer Property Services principal David Stringer said.
Rainbow Bay Reality salesperson Ben Gazal cited low interest rates, steady prices and fewer homes on the market as key contributors to the booming sales period.
"All signs are pointing to an improving market. Most notably we've witnessed an unprecedented level of interest in properties listed along with record crowds at weekend open homes.
"We are beginning to see real confidence return to the property market for the first time in years. The combination of low interest rates and an improving market are creating an ideal scenario for buyers and sellers."
Mr Stringer said sales were strong, in what is usually an unpopular time of year for real estate.
"Interstate investors are increasingly enticed by the Tweed and southern Gold Coast which is in the unique position of having the best of both worlds. We've got the beachside villages of Kingscliff and Cabarita situated just a short drive from business hubs such as Southport," he said.
Rainbow Bay Realty salesperson Ben Gazal cited low interest rates, steady prices and fewer homes on the market as key contributors to the booming sales period.
"The top of the market has gone down quite a bit," he said.
"First six months of this year would definitely be the best we've had in 10 years."
LJ Hooker Coolangatta Tweed principal Kel Judd was cautious about proclaiming record sales, but said buyers were definitely entering a fairer market.
"It's definitely been busier than it was," he said.
"I'm always cautious of saying it's back on the road.
"But from a seller's point of view it's a fairer market."
But Mr Judd said the market still had a way to go before he would be satisfied with the property market's economic progress.
"You go around the towns and there's still empty shops and businesses doing it tough," he said.
"The buyers aren't quite as tough as they were though."
Mr Stringer encouraged sellers to list their properties now to make the most of the "pent up demand" from buyers.