As 2018 nears its close, we’d like to update you on what’s been happening around our office.

In the wrap up this year, we sold 387 properties, added 93 additional properties into our property management portfolio for our investors, but equally as important for the community, we raised and donated over $50,000 for our charity partners, Cystic Fibrosis, Rosies and the Humpty Dumpty Foundation, along with schools and sports organisation fundraising events.

It’s been another dynamic year for property markets across the Gold Coast. In our backyard, the Nerang market has had a steady year, with the median house price ($466,500) rising 3.7% over 12 months, according to CoreLogic. Gross rental yields for houses are a solid 4.9% with units doing a little better for their investors (6.2% gross yield based on asking rents of $370 per week).

Next door at Highland Park, house owners enjoyed near double digit (9.8%) increases in value, making it one of the best performing suburbs west of the M1. And its performance has been consistent for the last three years where its median house price – currently $570,000 – has risen exactly 30%.

Carrara also had a solid year with the median house price rising 3.8% to $600,000. There was just as much activity inside Metricon Stadium – the home of the Commonwealth Games – as outside it with 184 homes changing hands throughout the suburb.

I think 2019 will bring a host of new opportunities to the Gold Coast as the city attracts more new residents, infrastructure spending continues and business confidence rises.

I would like to wish you and your family a wonderful and safe holiday season and look forward to continuing with you on your property journey in 2019.

Always at your service