If you want to own a house here, join the queue

first_img Top 5 longest held suburbs: Source: CoreLogic data to January 2018 The beach volleyball during the 2018 Commonwealth Games was held at Coolangatta.Ted and Fay Francis’ Stapylton St house is one of 23 listed on the market.The couple bought the property in 2000. They knocked the original home down, divided the land and built a new house.They have lived on the property for eight of the 18 years they have owned it, choosing to rent it out while living in Brisbane for work.“It was a high-set home and had lovely views looking out to the west and to the north – that was what sold us,” Mrs Francis said.“Because of its location, it’s so close to everything – it’s close to the beach and the airport, (and) within walking distance of the shops.”They said it was a tough decision to sell their beloved home but needed to downsize.Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 5:40Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -5:40 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD576p576p360p360p216p216pAutoA, 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 Rate1xFullscreen The Market: Nerida Conisbee05:41DJ Stringer Property Services principal David Stringer, who is marketing the Francis’ home, said residents weren’t prepared to risk losing their premium position on the Coast.“I think people are concerned that if they do sell, where are they going to go?” Mr Stringer said.He said “Cooly” also had a lot going for it, including its affordability, which made it attractive to buyers. Coolongatta is the tightest held suburb on the Gold Coast. Owners Ted and Fay Francis are relucantly selling at 10 Stapyton St, Coolangatta, to downsize. Picture Glenn HampsonHOMEOWNERS are hanging on to their houses longer in Coolangatta than anywhere else on the Coast.Latest CoreLogic data shows residents in the border suburb are turning over their homes on average only every 16 years.Property experts said the lengthy hold conversely had an effect on the number of homes on the market. Coolangatta.RBR Property Consultants principal Lenny McLennan said its small-town vibe made it a much more appealing alternative to coastal suburbs further north.“It’s definitely a lot quieter,” Mr McLennan said.“Once you get to Miami and Broadbeach, it’s a bit busier.”Ray White Coolangatta Tweed Heads agent Wayne Bisgrove said there were plenty of houses available in surrounding suburbs but demand remained higher in Coolangatta.“There’s a lot more housing on the Tweed side of the boarder but the Cooly side is more popular,” Mr Bisgrove said. More from news02:37International architect Desmond Brooks selling luxury beach villa18 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days agoDJ Stringer principal David Stringer is marketing the house at 10 Stapylton St. Picture Glenn HampsonAccording to CoreLogic data, the median sale price for a house in Coolangatta is $955,000 compared to $640,000 for the Gold Coast.Armstrong Real Estate Gold Coast principal John Rankin said the majority of buyers that approached him were looking for houses.“My response is, ‘well join the queue, I’ve got 1000 people in front of you’,” Mr Rankin said.“There’s so few houses in this part of the world … it’s just such a scarce commodity and people don’t want to sell them.”He said zoning laws allowed for higher density development in an effort to fit more people into the small suburb.“(It is) really tightly held because so much of that land has been developed into units,” Mr Rankin said. – Coolangatta (houses) 16 years– Miami (houses) 15.6 years– Palm Beach (houses) 15.2 years– Guanaba (houses) 14.1 years– Currumbin (houses) 14 years– Runaway Bay, Gaven (houses) 13.2 yearslast_img

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