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Landlords

Mermaid Beach gains a little sparkle

10 May 2022

Little Real Estate set to open its new office on the Strip

There is a rule of thumb that applies to selling a property in south-east Queensland, it is generally on the market for 60-90 days. Such is the appetite for regional coastal properties currently though, that on the Gold Coast that number is now closer to 16 days according to a recent CoreLogic report.

It is no secret that property prices are booming across the Sunshine state’s south-east corner. The quarterly Regional Market Update in February revealed house prices on the Gold Coast had jumped about 36 per cent in the past 12 months with unit prices going up by about 27 per cent.

The pandemic led exodus from the Australia’s capital cities by those seeking a lifestyle change has been marked. The Gold Coast region’s mild climate has led many to choose its desirable beaches and easily accessible amenities as an investment location of choice.

The announcement regarding Brisbane’s winning bid to host the 2032 Olympics has possibly buoyed and sustained the south-east Queensland market in recent months. If history is anything to go by though, property prices will probably continue to rise to varying degrees over the course of the next decade.

The Gold Coast will host a significant number of events in 2032. Major events like the Olympics nearly always deliver a multiplier effect due to the infrastructure promises they bring with them. It certainly doesn’t hurt that Brisbane and its environs are set for a global branding boost in the coming years as the event itself draws near.

“Our expansion tends to be driven by our customer’ needs, as well as our own strategic planning,” explains Little Real Estate’s Executive GM Property Services, Anne Crarey.

“In addition to the sales opportunities our Queensland team are delivering on the Gold Coast, our property management portfolio on and near the Gold Coast Strip has exploded of late.”

“We heard through the grapevine that an iconic corner location on the Gold Coast Highway had become available and snapped it up. The opportunity to service our existing and prospective customer base from the very heart of the Strip was simply too good to pass up,” says Crarey.

The company expects its new Mermaid Beach office to open its doors before the start of the financial year.