Surfers Paradise ranks sixth most busiest property market across Australia: PEXA
Surfers Paradise was the only suburb outside of Victoria to make the top 10 busiest locations for property settlements.
The data was for digital settlements between January and August this year on the PEXA Exchange.
With around 1400 settlements, Surfers Paradise sat in sixth place on the list which was headed by the Melbourne LGA with over 2500 settlements.
3580 Main Beach Parade, Main Beach
Tarneit sat in second place followed by Trugannina, Clyde North and Pakenham.
The top 10 was rounded out by Craigieburn, Werribee, Point Cook and Wallert with some 1100 settlements.
Mike Gill, the head of research at PEXA noted, eight of the top 10 suburbs were located in Victorian growth corridors and likely reflected the impact of the Federal Government’s HomeBuilder scheme which offered $25K grants.
The scheme ended in March 2021.
Surfers Paradise lead the Queensland localities followed by Southport, Maroochydore, Buderim, Hope Island, Caboolture, Coomera, Pimpama, Robina and Helensvale.
NSW's busiest locations for settlements were Sydney, Schofields, Port Macquarie Orange, Dubbo, Leppington, Marsden Park, Austral and Blacktown.
The top 10 suburbs analysis only includes property sales settled digitally via PEXA, so excludes any paper based settlements.
By August 2021, over 98% of sale settlements were lodged digitally in Victoria, NSW, and SA, with over 85% in WA and 65% in QLD.