{"id":32511,"date":"2021-05-25T13:29:22","date_gmt":"2021-05-25T01:29:22","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=32511"},"modified":"2021-05-25T13:29:22","modified_gmt":"2021-05-25T01:29:22","slug":"has-the-gold-coast-market-become-too-hot-to-handle","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/has-the-gold-coast-market-become-too-hot-to-handle\/","title":{"rendered":"Has the Gold Coast market become too hot to handle?"},"content":{"rendered":"

PHOTO: Gold Coast, Quensland<\/strong><\/p>\n

The Gold Coast<\/a> market has been in frenzy since COVID hit but has it become a victim of its own success by becoming too hot to handle?<\/p>\n

SOMETHING has changed in the Gold Coast property market over the past few weeks.<\/p>\n

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Dare I say that the unfettered buying hysteria that has been sweeping the Coast since COVID-19 restrictions were lifted has begun to dissipate \u2013 not a lot, but a little.<\/p>\n

Undoubtedly we are still in one of the most buoyant markets the Coast has experienced in decades, a market where houses prices continue to eclipse record sales, and where demand still outstrips supply by up to 50 per cent, according to some agents.<\/p>\n

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\"This<\/div>\n

This stunning Sorrento property sold for $5m. Source: Supplied<\/span><\/strong><\/em><\/p>\n<\/div>\n

Last week in Surfers Paradise, 94 Admiralty Drive sold for $6.98m through Karen Pirie of Amir Prestige and ranks among the top sales of 2021. Meanwhile, in Sorrento, two Bayden Goddard-designed properties transacted for $5m each \u2013 No. 28 Kookaburrra Court, sold through Michael Kollosche and Simon Worthington of Kollosche, and 12a Freyburg Street, marketed by Charlon Delos Angeles and Marc Keswell of Amir Prestige.<\/p>\n

So don\u2019t get me wrong, the market is still red hot, there\u2019s just a mild breeze blowing through.<\/p>\n

Figures released by REA in its May Housing Indicators report show that my instincts may not be entirely misguided.<\/p>\n<\/div>\n

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