Gold Coast property: Gold Coast’s fastest selling suburbs revealed

first_imgUndated : generic aerial view of Merrimac, Gold CoastHOUSE hunters are snapping up Gold Coast properties in some inland suburbs within weeks of them hitting the market.New figures released by property researcher CoreLogic show Currumbin Valley, Merrimac and Mudgeeraba top the list of fastest-selling suburbs on the Gold Coast.Property experts attributed the demand to the unique homes on offer and better value for money in the areas. Aerial photo shoot this morning of Beach Erosion along the Gold Coast from Main Beach to Miami Beach — Surfers Paradise Gold Coast’s fastest selling suburbs: 1. Currumbin Valley and Merrimac (houses) — 19 days2. Mudgeeraba (houses) — 22 days3. Burleigh Waters (units) — 23 days4. Currumbin Waters, Mudgeeraba, Tugun (units) — 24 days5. Miami (units) and Worongary (houses) — 25 days Grab a copy of The Bulletin’s Sold On the Gold Coast magazine on August 22 for expert advice on selling, buying and investing as well as the latest property data from every suburb on the Gold Coast. An undated aerial view of Merrimac, Gold Coast“I think it’s just the uniqueness of the properties that we have had out there that’s attracting people,” he said.The 212 house sales in Mudgeeraba sold within a median of 22 days.More from news02:37International architect Desmond Brooks selling luxury beach villa15 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days agoRE/MAX Regency Gold Coast agent Stuart Legg said properties in Mudgeeraba offered better value for money than many of those along the coast.“During the (Gold Coast’s) growth period over the past four years, I think people have realised their budget will only go so far,” he said. Who wouldn’t wanna live here though?Currumbin Valley and Merrimac shared first place, with houses on median sold 19 days of being on the market.The figure is based on a total of 86 sales within those areas throughout the past year.While McGrath Palm Beach agent Andy Hogarth was surprised 20 homes had sold in Currumbin Valley over the past year, he said the figure still accurately reflected the market.He sold a luxury American-style barn in May after a week on the market while colleague Richard Snowden sold the country retreat of AFL legend Jonathan Brown following a four-week auction campaign. Mudgeeraba — where you get the best value for money.Mr Legg said there was also a limited number of homes on the market, which meant people were quick to buy as soon as they were listed. GET A NEW SET OF HEADPHONES WITH YOUR DIGITAL SUBSCRIPTION He recently sold a Mudgeeraba property, which attracted 20 groups for inspections and five offers, in four days.“The number of sales are definitely down this year on last year, but that just increases the demand for properties as well,” he said.Despite the data, CoreLogic research analyst Cameron Kusher said properties on the Coast were actually taking longer to sell compared to previous years, “which is reflective of the overall slowing of dwelling value growth over the past year”.last_img read more