Gold Coast 'red hot' property market shows signs of switching to buyers' market

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Real estate agents on the Gold Coast notice a cooling of the market, compared to how it was during the pandemic.

A Gold Coast real estate agent says he has seen a shift in the region's property market in recent weeks to the point of becoming a full-blown "buyers' market" — in stark contrast to the past few years during the pandemic.A Gold Coast real estate agent says there is a big gap between the expectations of buyers and sellers"The changes have been quite dramatic, the power has definitely gone to the buyer since January," Remax real estate agent Ben Williams said.

"Buyers are not prepared to pay the prices that they were paying during COVID and some sellers are still not adjusting," he said. "Auctions are one way to understand the step between buyers and sellers in a fairly timely way," Mr Lawless said.

 

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