Gold Coast sales activity has fallen 17% over the year to February 2019, according to the latest CoreLogic Regional Report.
The report suggests it was the largest fall recorded across all five regions in Queensland.
Of the 15,475 dwellings that transacted, 43% were houses, while 57% were units.
Gold Coast home values are down slightly when compared to March 2018, with house values falling -2.8%, while unit values are down -0.4% over the year.
The advertised rental rates across the region increased by $20/week for houses and $10/week for units over the year, an increase of 3.7% and 2.4% respectively.
The average home is taking an additional 14 days to sell for houses and 13 days for units when compared to February 2018, while the average vendor discount has increased to -6.4% for houses, and -6.3% for units over the same period.
The CoreLogic Regional Report reveals challenging property market performance across Australia’s regions, with falling sales activity in the 12 months to February 2019.