2024 End Of Year Update

Shane Colquhoun

As 2024 comes to a close, we want to take a moment to reflect, celebrate, and most importantly, thank you.
 
To our valued clients, buyers, sellers, tenants, and landlords: you’re the reason we get to do what we love every day. Your trust in us fuels our drive to deliver outstanding service and make a meaningful impact in the community.
 
The year in real estate
2024 brought some significant changes to the real estate landscape. With new legislation introduced to improve housing affordability and tenant protections, we navigated updates such as limits on rent increases, revised eviction grounds, and mandatory property maintenance standards for landlords.
 
Despite these changes, the property market continued to thrive. Our team noticed some standout trends:
  • The RBA cash rate held steady at 4.35% since November 2023.
  • Rental prices increased moderately, with our most affordable rental increasing from $510 per week a year ago to $580 today (not the same property)
  • Population growth remained strong, with predictions for continued growth
  • The median sales price on the Gold Coast reached $1.17m in December, up from $1.03m in January 2024
 
Celebrating Our Community & Achievements
Supporting our local community remains at the heart of what we do. This year, we were proud to:
  • Sponsor the Nerang Eagles for the 18th consecutive year.
  • Sponsor Southport Pony Club
  • Sponsor the Ormeau Shearer's
  • Participate in school fetes
  • Collect gifts for Friends With Dignity
  • Raise funds for the Starlight Foundation, Cystic Fibrosis Queensland and the LJ Hooker Foundation
  • Continue our sponsorship of Nerang Celebrates Christmas, a tradition we hold dear.
 
Our efforts were also recognised on the industry’s biggest stages:
  • REB (Real Estate Business Online) awarded us Large Sales Office of the Year - Regional for the fourth time (2018, 2021, 2023, 2024) for our Nerang office.
  • Our very own Shane Colquhoun was named Principal of the Year - Regional for the third time (2017, 2021, 2024).
  • Nicole Hintz was ranked as being in the top 1.5% of all LJ Hooker agents internationally and named as one of the top 53 women in real estate in Queensland by the Courier 
  • We were honoured as finalists for the REIQ’s Agency of the Year for Queensland, an award we’ve previously won three times (2019, 2022, 2023).
 
Looking Ahead
As we head into 2025, we’re excited for what’s to come and remain committed to delivering the best service possible. Whether you’re buying, selling, renting, or investing, our team is here to support you every step of the way.
 
Wishing you and your loved ones a joyful Christmas and holiday season. Stay safe, and we look forward to being of service to you in 2025 and beyond.

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