More than $200 million changed hands in the Gold Coast commercial market during the three months to September 2019, new research from Ray White has revealed.

The Gold Coast Transactions 3Q Between the Lines report showed transaction volumes reached $216.13 million during the quarter, representing an increase of 65.39 per cent on the same period last year. 

It comes after a tough start to the year, with many property decisions put on hold until the post-election period.

At a glance: 

• Ray White's Gold Coast Transactions 3Q Between the Lines report has revealed $216.13 million changed hands on the Gold Coast commercial market in the three months to September.
• The amount represents an increase of 65.39 per cent on the same period last year.
• The total year to end of 3Q sales is $737.29 million across 227 transactions.

While the report notes the subsequent interest rate reductions have done much to stimulate sentiment surrounding commercial property in the months since, it says tighter lending criteria and the general lack of quality investment stock across the Gold Coast remained a barrier of entry for most investors.

"The Gold Coast market strength was highlighted in 3Q 2017 where volumes achieved $417.66 million before more stringent lending practises saw volumes return to levels more aligned with 2015 and 2016," it said.

"This has brought the total year to end of 3Q sales $737.29 million across 227 transactions, which is below last year’s result of $827.95 million, volumes, however, still remain slightly ahead of the year to 3Q 2017 results of $693.76 million."

"The investment profile continuously evolves, however this period has seen a strong return to development site sale activity after a more subdued period last year.

"The Industrial asset class has seen continued strength in activity while Retail investment has fallen from the highs achieved last year due to a lower number of large ticket sales taking place during 3Q."

Click here to view the report. 

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