Gold Coast house prices down slightly
Oct 1st 2004, 3:43 am
#1
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Joined: Nov 2001
Location: Back in Aus
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Gold Coast house prices down slightly
This is taken from the ABC today.
Average Gold Coast house price falls
A south-east Queensland valuer says now is not the time to sell property.
Ian Herriot of Herriot Valuers says the average price of a Gold Coast house fell 1 per cent to $430,000 in the June quarter and it is likely to drop further if interest rates rise.
Mr Herriot has backed International Monetary Fund (IMF) forecasts of lower housing prices in industrial nations, but says the pain should be less in Australia.
"The marketplace in the UK is entirely different to our marketplace, the dynamic is different as indeed it is between us and the US," he said.
"We have not seen in this country or on the Gold Coast the increases that they have seen in capital growth in both the UK and the USA.
"I think the economic factors are entirely different. Accordingly I don't think there'll be the decrease the IMF is proposing."
Average Gold Coast house price falls
A south-east Queensland valuer says now is not the time to sell property.
Ian Herriot of Herriot Valuers says the average price of a Gold Coast house fell 1 per cent to $430,000 in the June quarter and it is likely to drop further if interest rates rise.
Mr Herriot has backed International Monetary Fund (IMF) forecasts of lower housing prices in industrial nations, but says the pain should be less in Australia.
"The marketplace in the UK is entirely different to our marketplace, the dynamic is different as indeed it is between us and the US," he said.
"We have not seen in this country or on the Gold Coast the increases that they have seen in capital growth in both the UK and the USA.
"I think the economic factors are entirely different. Accordingly I don't think there'll be the decrease the IMF is proposing."
Oct 1st 2004, 4:56 am
#2
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Joined: May 2003
Location: GC
Posts: 3,353
Re: Gold Coast house prices down slightly
Originally Posted by Trevglas
This is taken from the ABC today.
Average Gold Coast house price falls
A south-east Queensland valuer says now is not the time to sell property.
Ian Herriot of Herriot Valuers says the average price of a Gold Coast house fell 1 per cent to $430,000 in the June quarter and it is likely to drop further if interest rates rise.
Mr Herriot has backed International Monetary Fund (IMF) forecasts of lower housing prices in industrial nations, but says the pain should be less in Australia.
"The marketplace in the UK is entirely different to our marketplace, the dynamic is different as indeed it is between us and the US," he said.
"We have not seen in this country or on the Gold Coast the increases that they have seen in capital growth in both the UK and the USA.
"I think the economic factors are entirely different. Accordingly I don't think there'll be the decrease the IMF is proposing."
Average Gold Coast house price falls
A south-east Queensland valuer says now is not the time to sell property.
Ian Herriot of Herriot Valuers says the average price of a Gold Coast house fell 1 per cent to $430,000 in the June quarter and it is likely to drop further if interest rates rise.
Mr Herriot has backed International Monetary Fund (IMF) forecasts of lower housing prices in industrial nations, but says the pain should be less in Australia.
"The marketplace in the UK is entirely different to our marketplace, the dynamic is different as indeed it is between us and the US," he said.
"We have not seen in this country or on the Gold Coast the increases that they have seen in capital growth in both the UK and the USA.
"I think the economic factors are entirely different. Accordingly I don't think there'll be the decrease the IMF is proposing."
Giving you some karma for that.
See you soon.
Oct 1st 2004, 7:52 am
#3
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Joined: Jan 2003
Location: Brisbane
Posts: 1,576
Re: Gold Coast house prices down slightly
I think someone forgot to tell this guy
$18m for beach house
By Greg Stolz
September 28, 2004
IT may look like a humble mansion from the beach, but this home on the Gold Coast's "millionaires' row" has smashed Queensland's record house price – selling for a staggering $18 million.
Property dealer Harry Kakavas, 37, announced yesterday that he had sold his three-level home on Hedges Ave at Mermaid Beach so he could build a new $30 million beachfront home in neighbouring Albatross Ave.
Full Story
Guessing whats going to happen to house prices is no eaiser here than in the UK and the only safe bet is that they will increase over time.
By the way the previous record house price on GC was $10.15 million last year.
$18m for beach house
By Greg Stolz
September 28, 2004
IT may look like a humble mansion from the beach, but this home on the Gold Coast's "millionaires' row" has smashed Queensland's record house price – selling for a staggering $18 million.
Property dealer Harry Kakavas, 37, announced yesterday that he had sold his three-level home on Hedges Ave at Mermaid Beach so he could build a new $30 million beachfront home in neighbouring Albatross Ave.
Full Story
Guessing whats going to happen to house prices is no eaiser here than in the UK and the only safe bet is that they will increase over time.
By the way the previous record house price on GC was $10.15 million last year.
Oct 1st 2004, 10:08 am
#4
Joined: Mar 2004
Location: Varsity Lakes, Gold Coast
Posts: 177
Re: Gold Coast house prices down slightly
Originally Posted by Kiwipaul
I think someone forgot to tell this guy
$18m for beach house
By Greg Stolz
September 28, 2004
IT may look like a humble mansion from the beach, but this home on the Gold Coast's "millionaires' row" has smashed Queensland's record house price – selling for a staggering $18 million.
Property dealer Harry Kakavas, 37, announced yesterday that he had sold his three-level home on Hedges Ave at Mermaid Beach so he could build a new $30 million beachfront home in neighbouring Albatross Ave.
Full Story
Guessing whats going to happen to house prices is no eaiser here than in the UK and the only safe bet is that they will increase over time.
By the way the previous record house price on GC was $10.15 million last year.
$18m for beach house
By Greg Stolz
September 28, 2004
IT may look like a humble mansion from the beach, but this home on the Gold Coast's "millionaires' row" has smashed Queensland's record house price – selling for a staggering $18 million.
Property dealer Harry Kakavas, 37, announced yesterday that he had sold his three-level home on Hedges Ave at Mermaid Beach so he could build a new $30 million beachfront home in neighbouring Albatross Ave.
Full Story
Guessing whats going to happen to house prices is no eaiser here than in the UK and the only safe bet is that they will increase over time.
By the way the previous record house price on GC was $10.15 million last year.
Oct 2nd 2004, 6:35 am
#5
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Joined: Sep 2003
Location: North Lakes/Mango Hill, Brisbane
Posts: 1,134
Re: Gold Coast house prices down slightly
We were down just south of the Gold Coast earlier this week with Plumber and family. We looked at this development where they had just bought a 555m2 plot of land 14 houses away from the nearest one to the beach.
The plot of land nearest to the beach was the same size (555m2) and they wanted $1.9million for it.
Property is still booming down there so those figures suprise me.
The plot of land nearest to the beach was the same size (555m2) and they wanted $1.9million for it.
Property is still booming down there so those figures suprise me.
