Professionals Burleigh
The property market may be seeing the highest price rate in 17 years, but for agencies around the Gold Coast the housing inventory is at an all time low. So why have Australians nationwide been stuck with the fear of missing out (F.O.M.O) on the property market in main cities like Sydney, Melbourne & Gold Coast? To pin it to one thing would be impossible as there’s an extensive number of factors involved like Government incentives, a low advertised supply level, media influence, record low mortgage rates and even the improvement of economic conditions. Or maybe because prices might just continue to rise with no promise of ever coming down.
But Gold Coast isn’t the only city in Australia that is potentially pushing new record heights. According to Tim Lawless, the Corlogic research Director, Sydney and Melbourne have also started to peak! With Sydney at a 2.5% rise and Melbourne with a 2.1% rise, Tim Suggests with these percentages continuing rising the records set in 2017, will inevitable be surpassed.
So, if you’re a Buyer in Melbourne, Sydney, or Gold Coast, buckle your seat belts because this may only be the start of the most competitive property market the Nation has potentially ever seen.
Below is a List of Februarys price change in Australia’s Biggest Metropolitans.
| City | Monthly Change | Median Value |
| Sydney | +2.5% | $895,933 |
| Melbourne | +2.1% | $717,767 |
| Brisbane | +1.5% | $535,618 |
| Adelaide | +0.8% | $479,587 |
| Perth | +1.5% | $491,795 |
| Hobart | +2.5% | $535,994 |
| Darwin | +0.7% | $438,645 |
| Canberra | +1.9% | $706,454 |
| Nation | +2.1% | $598,884 |
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