Whilst we can all agree that the property market has seen some phenomenal growth over the past few years, many buyers and sellers still have questions around the future direction of prices.

So called experts always offer their opinions, an article released last week in the Australian Financial Review Newspaper put forward some interesting thoughts about what may lay ahead.

There is no doubt that articles such as our lead story featured below will give additional confidence to buyers, and as we know, two of the main ingredients for price growth are buyer confidence and the laws of supply and demand.

With the first quarter of 2024 now behind us, clear patterns have emerged across the Gold Coast and the country that shows that the property market has gathered pace.

What has also become obvious is that an increased level of listing numbers across the country has failed to slow the price growth.

With this in mind, there are several pockets across the nation where stock levels have not increased in line with expectations.

Today is the last day of the January to March quarter which represents an opportunity for us to review some early 2024 data.

With today being a Sunday, we can safely say that "live" listing numbers as they sit across the Gold Coast today will ultimately reflect the actual numbers when they are reported early in the week.

For the record, listing numbers have increased on the Gold Coast for the January to March 2024 quarter, but they have not increased anywhere near the volume that was predicted.

With the end of the first quarter of 2024 now only a week away, early reports are coming in declaring that the volume of new listings hitting the market is accelerating.

Whilst we will be able to report these figures accurately next week at the conclusion of the month, both realestate.com and the Gold Coast Bulletin have ran stories this week discussing the rise in listings numbers as well as the reasons behind new listings growth

Whilst seller confidence in market conditions is one reason for more listings coming to market, there is no doubt that investors are now feeling the pinch with higher interest rates and the growing demands and red tape placed on landlords seen as a key reason why investors are selling.

Last week's information comes from two different sources, the first is the latest "Ray White Now". This document will provide you with an outstanding level of current and historical information that will help provide clarity on current property market conditions. The second is from Core Logic.

A simple social media tile that we posted last week demonstrates the current strength of the property market here on the Gold Coast.

The social media tile stated that over the past five weeks, Ray White Robina had placed 23 Robina properties under contract which equates to approx one in three sales in the suburb of Robina over that time period.

For full transparency, the breakdown of the 23 sales were 12 houses and 11 units.

With the month of February now complete, we once again have an enormous amount of articles and statistical information that gives us an insight into current market conditions.

We have chosen two lead articles this week and both discuss key fundamentals driving today's market.

Whilst these articles provide value, it may very well be our own numbers that best reflect current market sentiment.

When we look at our February open homes over the past few years, the stand out metric for 2024 is simply the volume of buyers currently in the marketplace.