Gold Coast now the second most expensive city in Australia
Latest data has revealed GC prices have reached a new high, with the Gold Coast now the second most expensive property market in the country!
Some recent stats we were amazed by:
In the last 12 months, house prices on the Gold Coast have grown 9% compared to the national average of 8.5%, offering “a better capital return on investment than even Sydney, often named as one of the top cities in the world.”
The median house price on the Gold Coast is now $1.17 million. While currently behind the median house price in Australia’s most expensive property market, Sydney, at $1.7 million, if growth continues at its current rate, the Gold Coast will be at the Sydney median by 2027.
Population movement from cities such as Sydney and Melbourne to regional Queensland (which includes the Gold Coast) remains elevated, with 15,300 people in total moving to the Sunshine State.
The area has seen strong rental growth of 7.1% over the last year and 53.1% over the past 5, no doubt due to the extremely low vacancy rate the region has experienced over the last three and a half years.
Top performing Gold Coast suburbs over the past 5 years are those with proximity to water, still much more affordable than waterside homes in cities like Sydney and Melbourne.
If you are interested in learning more about the Gold Coast or are looking for the perfect home in an amazing location, we currently have a range of brand new waterside townhouses and freestanding homes available, perfect for families, downsizers or those looking for a sea-change.
Boutique development of four bedroom parkside homes, steps to the Broadwater
Brand new and ready to move in, The Shoreline Collection presents a boutique offering of 10 high quality four-bedroom individual homes. Surrounded by nature, each spacious residence features four generous bedrooms, two bathrooms plus powder room, second living and media room, private in-ground pool and double car garage with some featuring additional visitor spaces and boat or caravan parking.
Nestled in an evolving urban location, these sensational homes offer more than just a residence; they are a gateway to a vibrant community. Adjacent to leafy parkland featuring amenities such as a kids' play area and tennis court, the project provides easy access to the Broadwater and boat ramps, offering endless outdoor recreation opportunities.
Contemporary beachside terraces in the sought-after suburb of Tugun
Proudly developed by Panacea Development Partners and offering a curated collection of just four luxury residences, Ada presents a unique opportunity to secure a spacious, contemporary beach home in the highly sought-after beachside suburb of Tugun.
Each sensational residence boasts three private bedrooms, three bathrooms, multiple living areas to unwind and relax, and a secure side by side double garage with direct street access. Oozing beachside luxury while maintaining lifestyle and liveability, Ada presents a unique opportunity not to be missed.
Interested in learning more about our current projects or the Gold Coast market? Enquire today through our website or contact 0416 202 304.