Economist reveals major shift in Gold Coast property market

29 Namatjira Court, Broadbeach Waters is going to auction on November 6. A leading economist has declared the Gold Coast a buyers’ market, but says some pockets are still holding their value. Ray White chief economist Nerida Conisbee, speaking at a new agency and property launch on the Glitter Strip this week, said four interest rate rises, combined with the war in the Middle East and the federal budget property tax reforms had completely overhauled the market. 29 Namatjira Court, Broadbeach Waters. 29 Namatjira Court, Broadbeach Waters. “We are in this very unusual time period at this point where people are very, very uncertain about what all this means to property,” she said. “People are wondering where the bottom is. “Definitely compared to where we were 12 months ago, it is an easier market to transact in as we are moving more slowly.” Ms Conisbee was on hand for the launch of 29 Namatjira Court, Broadbeach Waters, a luxury new build with an extraordinary 95m of river frontage. The property was a collaboration between Symcorp, BDA Architects and Marker Studio and includes 533sq m of living space on a 790sq m north-facing block. It features five bedrooms, five bathrooms and a st...