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September 28, 2020

Best of the best: Surfers Paradise records highest value of unit sales nationally

first_img Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 2:12Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -2:12 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenWhen is the best time to sell or buy? Property cycles explained02:13 Surfers Paradise recorded the highest value of sales across the country this year.BUYERS have taken a shine to the Glitter Strip, with the city’s tourism heart recording the highest value of unit sales in the country this year.Surfers Paradise claimed first place on Australia’s list of top 10 suburbs with the highest total value of unit sales, according to CoreLogic’s Best Of The Best 2019 report.The beachfront suburb notched $498,220,700 worth of sales on 1110 units with a median value of $373,561.Greater Sydney’s Dee Why came in second place on total value, based on $403,696,186 in sales from 504 units. It climbed the ranks after coming second behind Melbourne last year. Picture: Dean Johnson.Harcourts Coastal agent Katrina Keegan said the result was not surprising given the number of sales she and selling partner Penelope Nicholls had notched lately.“What we’re finding is that buyers in Victoria and NSW are coming back up again,” she said.“The Gold Coast represents major value.”She said a mix of old and new properties was being snapped up as a result of increased buyer numbers.“A lot of the time we can have waves but this has been very balanced,” she said.“The number of sales has definitely increased in the high end (of the market).“I think that’s the confidence from interstaters.”Despite a strong victory for Surfers Paradise, its final sales figure is much lower than last year’s result. It came second behind Melbourne last year with a total of $708,873,150 in sales with a median value of $378,152.Real Estate Institute of Queensland Gold Coast zone chairman Andrew Henderson said to claim the crown this year proved just how well the suburb performed.“It’s a good achievement for the suburb,” he said.“It can get lost in the mix but it’s obviously had a resurgence.“It improves the whole suburb as well.”The report said the market would be in recovery mode next year as prices caught up to overtake previous record highs.center_img HIGHEST TOTAL VALUE OF SALES More from news02:37International architect Desmond Brooks selling luxury beach villa9 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day ago(suburb, region, No. sold, total value, median value)1. Surfers Paradise, Qld, 1110, $498,220,700, $373,5612. Dee Why, Greater Sydney, 504, $403,696,186, $790,7013. Sydney, Greater Sydney, 267, $353,289,425, $1,155,8794. Mosman, Greater Sydney, 249, $346,152,200, $1,100,9415. Manly, Greater Sydney, 250, $342,477,752, $1,335,0836. Melbourne, Greater Melbourne, 645, $341,920,244, $486,4507. Cronulla, Greater Sydney, 316, $336,215,493, $829,3378. Mascot, Greater Sydney, 302, $271,755,915, $835,2399. Coogee, Greater Sydney, 227, $264,705,346, $1,124,72310. Southport, Qld, 567, $250,830,892, $306,790last_img read more

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