PHOTO: It’s business as usual on the Gold Coast, where the property market is behaving normally, despite the impending federal election. Photo: Supplied
The Gold Coast property market is defying traditional pre-federal election slowdown as buyers tune out from the noise and get on with splashing their cash on real estate, local agents say.
Ray White Surfers Paradise secured more than 20 sales in 48 hours last month, and an additional 12 properties at its auction program late last week, reflecting a strong clearance rate of 60 per cent.
CEO Andrew Bell described the flurry of activity as unusual considering the threats to change negative gearing laws and capital gains tax.
“The disconnect with politics is the most profound that I have seen in my 40 years in real estate,” Mr Bell said.
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