Hollywell residents hold onto their homes longer than those in any other Gold Coast suburb

first_img TOP 5 LONGEST HELD SUBURBS (houses) MORE NEWS: Brisbane buyer splurges on ultimate Gold Coast holiday pad The Topaz Court property is on the market for $669,000. The McLaughlins have been living in their property at 4/12 Topaz Court for almost five years. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:54Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:54 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p216p216p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenAndrew Winter: To sell or to renovate?00:55 John and Kim McLaughlin are selling their Hollywell townhouse, but only so they can move into a bigger house down the road. Picture: Jerad WilliamsHOUSE hunters hoping to snap up property in Hollywell might need a back-up plan as many residents are refusing to give up their beloved homes.The northern suburb is the most tightly held on the Gold Coast, according to the latest CoreLogic figures.The data, based on 55 house sales over the past year, shows residents in Hollywell are hanging on to their houses for an average of 17 years.center_img Ray White Sovereign Islands agent Matt Hill said the fact that property in Hollywell was slightly more affordable than those in surrounding suburbs such as Runaway Bay and Paradise Point made the area particularly enticing.Property values in Hollywell, which had a median house price of $760,000, were also steadily rising.“Hollywell is still a great location,” he said. “You can potentially buy into the area for 10 per cent less.More from news02:37International architect Desmond Brooks selling luxury beach villa12 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days ago“Generally, properties sell quite well there because there’s been a limited supply and high demand.” John and Kim McLaughlin’s townhouse at 4/12 Topaz Court is one of about 60 properties on the market in Hollywell, but they weren’t planning to move far.“We literally bought in the same street,” Mr McLaughlin said.When the couple noticed the house was on the market, they jumped at the opportunity to upsize before it had a chance to go to auction.“We didn’t necessarily have any intention of buying another property (but) places in Hollywell, they’re not on the market very long,” he said.They moved into the area about five years ago after renting in Main Beach for six to 12 months.Having lived in Brisbane before that, they wanted to escape the hustle and bustle.“Where we are, it’s so close to the water, the Broadwater and it’s within walking distance of restaurants,” Mr McLaughlin said.“It’s got that real village atmosphere.“We go to the beach almost every weekend and we’re only a 10 to 12-minute drive to sit on the beach at The Spit.”He said they enjoyed living in the area and planned to stay.“There’ll be taking us out in a box, we hope — we have no intention of moving from there,” he said. They bought a new property before selling the one they live in to ensure they could stay in Hollywell.Coolangatta previously held the title with residents turning over their houses on average every 16 years, but that has since dropped back to 14.Harcourts Coastal agent Tim Zampech said Hollywell was populated by many retirees who bought property in the 1980s and have never left.He said the suburb’s location made it appealing to prospective buyers so when properties hit the market, they were snapped up relatively quickly.“I think there’s about 900 homes in the suburb so it’s not a very big suburb and there’s not a lot on the market,” he said.“I know normally when something comes up for sale it moves pretty quickly.”MORE NEWS: Rural dump sells just shy of $1m 1. Hollywell — 17.2 years.2. Coolangatta — 14.3 years.3. Tallai and Guanaba — 14.2 years.4. Gaven, Tugun and Mermaid Waters — 14.1 years.5. Currumbin Waters — 14 years.last_img read more