The Gold Coast property market is holding up considerably better than some of its southern counterparts, recent research conducted by national project marketing agency Colliers found.
Colliers' latest Market Overview has revealed that the median house price on the Gold Coast has only dropped by $15,000, or -1.5 per cent, to reach $925,000 by the end of 2022 - down from the $940,000 reported by Colliers previously at the peak of the market in June last year. This is in stark contrast to the rest of the country, where national house prices have fallen more than five times the rate of the Gold Coast. The report highlights that Gold Coast's property market has remained relatively stable despite the national market experiencing a record fall of 8.4 per cent in CoreLogic's Daily Home Value Index from May last year until January 7 this year. https://www.urban.com.au/news/qld/gold-coast-riding-out-2022-23-property-correction-colliers-report
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