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REA supports off-site construction homes that help ease the shortage.

Posted @ May 19th 2022 12:47pm - By AD Admin

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REA supports off-site construction homes that help ease the shortage.

Homes that were built off-site are being transported to their destination on the Gold Coast to help families who need housing.

REA says house prices on the Gold Coast are some of the strongest in the country, with off-site construction helping to ease the shortage.

"In terms of the amount of stock available for sale, the Gold Coast is still seeing pretty tight listing conditions," property analyst Cameron Kusher said.

Mr Kusher of the REA said there was a "significant lack of rental supply" on the Gold Coast, as the city battled to keep up with a booming population.

Mr Kusher suspected many people were buying up second properties in the city but were not putting them up for rent.

Suburbs in the northern areas of the Gold Coast have experienced a massive population growth in the past two decades.

On the Gold Coast, we've seen rents for houses increase by almost 23% over the 12 months.

Interstate buyers from Sydney and Melbourne have flooded the Gold Coast market since COVID, as people looked for tree and sea changes.

"It's a real challenge for locals because someone coming from Sydney or Melbourne has so much more buying power than locals," Mr Kusher said.

Prefabricated Homes are definitely pathing the way of the future, as you can start with one, and as your family grows or you need more space, you can simply add on.

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