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Why getting into the market before 2019 is a good thing

Why getting into the market before 2019 is a good thing

If acquiring Gold Coast property has been on your to-do list in 2018, believe it or not, despite cutting it fine it's not too late to settle in time.

Property experts say house hunters ramp up their search leading into the festive season, keen to settle before Christmas.

The latest Oliver Hume Quarterly Market Insights (QMI) report revealed Queensland’s interstate migration rate increased 49 per cent during the past year and was the highest in Australia.

Oliver Hume chief operating officer Julian Coppini said Gold Coast market conditions were healthy and there was a better than average chance values and overall popularity in the region would increase.

“We are expecting the Gold Coast’s cultural precinct and Coomera Town Centre to become big attractions, with light rail capabilities and airport upgrades to connect everything,” Mr Coppini said.

REIQ Gold Coast zone chairman Andrew Henderson said it was not uncommon for buyers to bring forward their property settlement date.

“We’ve actually seen a few settlements brought forward for people to get into their properties sooner,” Mr Henderson said. “There’s always that rush for people to get in before the Christmas period.”

He said while the shortest settlement period he had seen was 14 days, 30 was normal.

Ray White Sovereign Islands agent Edin Kara said he also had buyers who wanted to settle before December 25.

“We have a fair few around and most of them will try to finalise negotiations to be able to settle before Christmas,” he said. “I even have someone coming from overseas on December 2 to sign a contract and they still want to settle before Christmas.”

Agents also predict January will be one of the busiest months of the year for real estate transactions on the Coast, with an upswing in migration leading the way.

Ray White Surfers Paradise Group CEO Andrew Bell said interstate interest in the Coast’s property market was heating up leading into summer.

“Our team has been most encouraged by the level of owner-occupier interest from Sydney and Melbourne in recent months, as well as investor interest from Brisbane,” Mr Bell said. “As a result, our marketing strategy for the upcoming year will have an increased focus on the Sydney and Melbourne markets to gain greater penetration.” Source: realestate.com.au