There are many signs that the property market has reached the bottom and in fact may be recovering.  But one strong indicator is the frequent frustration vented by buyers.  Think about it; if a buyer is struggling to find a property that suits their specific requirements, they will usually pay a premium when they find the right one.  We’ve seen this happen a number of times in recent months. 

For the past five years, it has been the seller who had to give way and meet the buyer on almost every occasion.  Buyers could name there price and if a seller didn’t meet it, the property just would not sell.  But now, some times, sellers, especially with unique properties are getting the price they want.  This situation has not been seen for many years in South-East Queensland.

Whilst the market is significantly over-supplied in general, the reverse can be said for certain property types.  Properties that offer dual-living or dual occupancy have sold for premium prices, as families consolidate and merge two mortgages.  Those properties offering dual living on acreage have achieved very good prices. 

Buyers also vent their anger at properties that are not priced according to the market.  Desperate agents, showing over-priced properties, simply wastes purchaser’s valuable time.  Banks will not finance properties for more than they are valued at, and hence the home will not sell if it is significantly over-priced.

What we are seeing regularly is an extended family or large family (6+ children) struggle to find a suitable property. 

The start of 2012 has already seen a number of good sales, which hopefully is a sign of a prosperous year ahead for Gold Coast Real Estate and South-East Queensland in general.

If you are considering selling your property anywhere in the Gold Coast Hinterland, contact Geoff Brand Real Estate on (07) 5543 5558.

Tagged: Acreage, Dual Living, Dual Occupancy, For Sale, Pricing, Selling, Wanted

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