This is the eighth and last blog in a series about the current state of play in our major property markets based on Australian Property Monitors January Housing Market Report.
Here’s what Dr. Andrew Wilson of A.P.M had to say about what’s happening:
The Gold Coast housing market continued its steady revival with buyer activity increasing over 2013, particularly over the second half of the year.
The Gold Coast median house price increased by up to 5 percent over 2013 to be just 4 percent below the previous price peak recorded in 2009.
Gold Coast units also recorded a small increase in median prices over 2013, up by 0.5 percent but remaining 13 percent below the previous price peaks.
The prospects are positive for increased prices growth in the Gold Coast housing market over 2014, as the local economy continues to improve and confidence continues to recover.
House prices should increase by between 5 and 7 percent over the year.
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