The Largest Increases In Property Value On Record!

We have a lot of statistical information for you this week but arguably the most interesting is our own historical office data.

The findings provide some interesting reading. Some of the key numbers and takeaways are below.

For the month of November over the last 4 years:

2019 - 31 Residential Sales with an average price of $575,722

2020 - 43 Residential Sales with an average price of $731,597

2021 - 47 Residential Sales with an average price of $882,525

2022 - 35 Residential Sales with an average price of $1,053,057

With all the negative publicity surrounding property prices falling in the second half of 2022, we believe it's important to take a longer term view.

Many sellers (and us as agents) are fixated on how much a property was worth 6 months ago and questioning how much money has been lost over that time.

Why not focus on the positives? Based on our own office figures (we have the largest sample size in our marketplace) a seller who purchased in and around the Robina area prior to the COVID-19 property boom has almost doubled their money over the past four years. Incredible!!!

The increases in property value over the past 4 years have been the largest increases on record.

Please see below the Growth in wages v the growth in house prices in Australia since 2002

Please see below the Historical Chart for Interest rates in Australia since 1989