During the first quarter of 2017, Ray White has monitored 106 commercial transactions across the Gold Coast region totalling close to $200million.
This result is well ahead of the previous year with it taking the first six months of 2016 to record 105 transactions albeit volumes reached $285million. This increase in activity comes as confidence across the region has been buoyant as local economic conditions improve. Demand for investment stock has been high by both local and interstate parties looking to capitalise on stable returns during this low interest rate environment, while owner occupiers have sought to shelter from rental increases. Development site activity has rebounded this year as demand for housing has increased resulting in strong gains in capital values in both the house and land sectors and apartment markets. More traditional investor stock such as Retail and Industrial has dampened due to lack of stock, but new lows in yields have been achieved highlighting the competition for stock.