THE median house price on the Gold Coast increased 2.1 per cent to $490,000 over the December quarter according to the Real Estate Institute of Queensland (REIQ) median house price report.

A more encouraging figure was the 5 per cent rise over the year.

REIQ Gold Coast zone chair John Newlands said sellers were becoming more realistic with their price expectations which was reflected in sales.

“First-home buyers are slowly starting to emerge back into the marketplace, as are the investors,” he said.

“We’re seeing multiple parties interested, if the right property is listed at the right price.

“With all the infrastructure happening on the Gold Coast at the moment people are viewing this as a positive step for the region.

“The suburbs that performed relatively well for the quarter were mostly outer suburbs where buyers are price-driven, looking for affordability and value for money.”

The Upper Coomera median increased 1.1 per cent to $412,500

Extracted from the article “Median house prices on the rise“