Southport Market Update 2nd Half 2022

In Q2 2022, Southport recorded a median house price of $905,000, and a median unit price of $520,000. This represents annual (Q2 2021 - Q2 2022) median price growth of 20.7% for houses and 18.2% for units. Total sales decreased between Q2 2021 - Q2 2022, by -51.8% (to 66 sales) for houses and by -37.1% (to 448 sales) for units. Now is an ideal time for owners and down-sizers to capitalise on higher returns for investment. The imbalance in demand and supply can provide a buffer against cash rate hikes. Strong demand have quickly absorbed new listings, thus creating an undersupplied market.

Southport Market Update 2nd Half 2022