Should You Buy A Property Amid Health Crisis

1. Should You Buy A Property Amid Health Crisis

2. Impact Of COVID On Real Estate Market The adverse effects of COVID-19 have been felt across the world and the real estate sector is not an exception to the impact of covid. The property market has suffered drastically or not we will find it but there is no doubt that each and every business is affected in an extreme way. There is a health crisis and the economy of almost every country is shaken badly.

3. Is It Right Time To Invest? At the end of 2019 the Australian property market was looking great as the property prices were growing in the capital cities and the auction clearance rates were very high as well, but, what now? Is it the time to invest in property amid the health crisis in Australia? It is a surprising fact but along the Queensland area, the South East side, house prices are soaring high and there is up to 25 percent hike in the property prices across Gold Coast and Sunshine Coast.

4. Increase In Real Estate Price This 25percent hike comes along with the benefit of a stress free lifestyle and low interest rate. Sunshine Beach is in the limelight and the price rose by 46.5 percent since last year and if you compare the prices of the last five years then the price has actually doubled (median price- $1.8 million). The prices of the homes have gone high in the Central Gold Coast suburb of Miami. This increase is by 21.8 percent (median price $835,000). The two coastal regions of Queensland overshadowed Brisbane and Surfers Paradise house price has risen by 25.5 % as compared to previous year (median price – $1.6 million)

5. Property In Sunshine Coast Nicola Powell is a senior research analyst and she said that many buyers were inclined to buy a property in South-East Queensland because it is affordable and the lifestyle also seemed to enhance because of the present pandemic. She also stated that in the region prices have risen and there is 0.6 percent increase for houses located on Gold Coast and for Sunshine Coast it is 1.6 percent. The Sunshine Coast units look stable but the units of Gold Coast have increased by 1.2%.

6. Ray White Surfers Paradise Estate Agent Ray White Surfers Paradise – estate agent Robert Graham has impeccable experience in the property market in Gold Coast. He said the hotspots across Gold Coast are being loved by the buyers and the locations have a prestigious pricing. The activity of buyers is also booming and this makes us the go to place for the Australian residents to invest their money. He further spoke about the sales. He said , “We made 9 sales in a week in the sub million and $1.2 million market and the parties did not even see the property. Though for properties that are above $3 million people are more interested to see and feel the property.” He says that this makes me predict for the Gold Coast region. At the end of December and January there will be a captive audience as per him.

7. Broadbeach Waters Real Estate Agent The Broadbeach Waters area & Mermaid Beach area are equally rewarding and buyers are making their inquiries on these locations as well. If you need real estate then you are buying a lifestyle and drafting the next chapter of your life incredibly. A safe handpicked selection of homes by the agents have made it possible for the buyers to make a profitable investment. The border of Queensland is set for opening on 3rd November but for Victoria and Greater Sydney it will still be closed. Mr. Graham stated “For residential properties Ray White Surfers Paradise was able to get 51 contracts in last week within 4 days and this has never happened before. It is the biggest selling event in January. This is the highest record.

8. Real Estate Agent Broadbeach Gold Coast However, finding the stock is not easy and listing competition is big enough. From Sunshine Beach Real Estate – Rob Spencer, one of the most reputed real estate agents said that there is lack of demand and cheap money has given rise to interstate buyers snapping up homes far from Melbourne and Adelaide. It is interesting to see that real estate agents Broadbeach Gold Coast are facing the challenge to keep this up and buyers are being left out. He said that the present median price is going to be a record and properties that were being sold for one million are now sold for $1.5 million and the rise is 25 to 30 percent.

9. Factors Related To Real Estate Market The other factor is people are not actually seeing the property. There are sight unseen purchases being made and for cheap money a storm of supply and demand is also there. He also stated that within a week a house was sold at 46 Bryan Street in Sunshine Beach and marketed at the price of $2.5 million. Many other suburbs that performed well in the Domain House price report are Tamborine located on the Gold Coast Hinterland and here the price of house was risen by 11.7% compared to last year and the Sunrise beach on the Sunshine Coast reached the median of $715,000. The median house prices soared by 22.6% to $1.05 million over the year till September. In Noosaville the prices rose by 19.5%.

10. Conclusion The Post COVID-19 Real Estate market doesn’t look that bad and property investment can be a lucrative deal in the long run. You need the help of the right agent. Someone who has the experience to guide you better in property matters. He must also work closely with you to help you understand the pros and cons of buying the property at this time. If you are thinking about long term capital gains then you need a real estate agent who has in depth understanding of the market to make property investment fruitful for you.