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Property values rising across the Gold Coast

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first_imgHome values are increasing across the Gold Coast.THE Glitter Strip’s property market is starting to shine again as home values gradually rise.New CoreLogic figures released this week show property (house and unit) values on the Gold Coast have increased 1.9 per cent in the three months ending in October to $529,112.It was one of the best performing regional markets behind Launceston (3.1 per cent), Illawarra (3 per cent) and the Mackay, Isaac Whitsunday region (2.5 per cent).The results were revealed as part of CoreLogic’s Home Value Index, which showed a 1.2 per cent rise in national dwelling values over the month.It marks the fourth straight month of rising values.CoreLogic research director Tim Lawless said it was a positive sign for all markets. MORE NEWS: Why one villa sold before auction The data is good news heading into the new year.“It’s becoming increasingly clear that the housing market rebound is gathering pace … off the back of lower mortgage rates and improved access to credit, as well as an improvement in affordability relative to the market peak several years ago and consistently high demand via population growth,” he said.More from news02:37International architect Desmond Brooks selling luxury beach villa9 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day ago“Demand for housing is responding to stimulus measures, including mortgage rates that are now lower than anything we have seen since the 1950s and improved mortgage serviceability tests following APRA’s decision to adjust the minimum interest rate serviceability rules in July this year.”The recent gains come after months of declining housing values across the country, with the national index dropping 8.4 per cent between October 2017 and June 2019.The Gold Coast managed to buck the trend with values holding relatively steady during the period. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:50Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:50 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenTop tips for sellers in Spring00:50center_img MORE NEWS: Queensland’s eye-watering sales of 2019last_img read more