Property on the Gold Coast, Queensland, is readily available due to the current worldwide financial challenges. The market is strong for investors as many sellers do need to sell. Rentals are also quite steady however, if the current trend continues, there will be a shortage of rental properties. This will be caused by stressed home owners needing to take up rental properties and of course, the first home owners needing to save a deposit before buying. Both of these categories will create a lack of available rental properties which will bring up the rents.
There are a consideable number of high end properties now on the market and as most of these owners are business people who are feeling the downturn in the retail and business market, their beautiful homes are now swelling this market. There have been some rather surprising reductions in price in this sector.
This is definitely a buyers market. The buyers now have so many properties to choose from it becomes almost an impossible task to find their ideal property. They are complaining of spending so much time on their computers, looking and then their weekends, looking. Agents too are finding the market very difficult as they have so much competition and the need to sell is not only for the seller but also for the agent.
We, at Realty on Gold, work solely for the buyer and once we have a clear picture of what the buyer is looking for, the selection and buying process is simple. It is simple because the buyer only looks at properties that meet their requirements and that are within their budget. We sift through all the available properties, make contact with the listing agents and create a short list for inspection. We then arrange to inspect the properties all in one day. This saves the buyer a lot of time and it takes the pressure of the selling agent off them. We believe, the property will sell itself to the buyer.
Betty Dunn – Realty on Gold – Professional Buyer’s Agents.