Yarrabilba has popular pricing for Gold Coast property: HTW

Yarrabilba has popular pricing for Gold Coast property: HTW
Yarrabilba has popular pricing for Gold Coast property: HTW

The most popular price point in the north-west Gold Coast and southern Logan area is the $380,000 and $410,000 price bracket, according to Herron Todd White's latest monthly market report.

The property advisory firm says that over the past two years, this range has been very popular in Yarrabilba with owner occupiers (particularly first home buyers) and investors.

There have been a large number of sales lately in this price range of recently completed houses which have never been occupied.

They are generally good value for money and provide the benefit of buying a new house without the lead in time and perceived stress related to building a home, the report said.

Purchasers of completed house and land products benefit from different lending criteria and the limited paperwork compared to the additional documents and contracts required for construction loans.

In this price range you get a new four bedroom, two bathroom house with double lock-up garage located on lots ranging in size from 290 to 450 square metres and with living areas of between 120 to 150 square metres.

A four bedroom home at 13 Wildflower Street (above) is for sale for $545,000 at Yarrabilba. It is a former display home.

In contrast to Yarrabilba, there is a limited market for standard housing above $550,000 in areas slightly further west including Jimboomba and the surrounding suburbs.

This area is traditionally a rural residential locality. Buyers have numerous choice from new to second hand dwellings.

A modern house can be purchased for around the $550,000 price point, typically constructed between 2008 and 2012 on around one acre with around 190 square metres of living area.

The HTW report notes these rural lifestyle properties are just that much further away from all amenities, schools, shops etc with longer travel times, however appeal to purchasers seeking a larger property than a standard residential lot.

These property types in the Jimboomba area are almost exclusively owner occupiers or investors who live short distances away.

While prices in these areas have increased, they tend to gain momentum and decline quicker than more centrally located properties with shorter market cycles.

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Gold Coast Htw

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