GOLD COAST MARKET SHOWING POSITIVE SIGNS OF BOUNCING BACK FROM COVID-19

It is probably no wonder we have seen Gold Coast property enquiry levels increase from both Sydney and Melbourne as the pandemic is hitting hard in these areas. We are really feeling for our Southern neighbours during this time.

As we have seen, higher density cities have been most affected with interest rising for regional areas. A recent article from Core Logic stated, “Regional Australia is considered appealing for relatively low levels of density, less congestion, and typically lower price points for property.” 

The article reported that while capital city values had dropped slightly (1.8% in Sydney and Melbourne, 1% in Brisbane), the regional areas in close proximity to these cities had all had gains.  

The interesting point being the Gold Coast, Australia’s 6th largest city, is far great in size than the other regional areas mentioned. The Gold Coast has also had significant infrastructure spend which mostly recently included $1 billion spent on the M1 and the third stage of the light rail approved and now under construction. 

The Gold Coast represents exceptional value, with the advantage of some of our property being available off-the-plan, allowing 12 months before settlement.

For example, we have beachside townhouses in Palm Beach from $919,000 to $939,000, only having to put down a 10% deposit (or bank guarantee) with 12-month settlement and another beachside townhouse in Burleigh Heads available in the next few months priced at $969,000. 

Get in touch for more information about one of these properties, other projects we have available or for more information about the current Gold Coast market.