Gold Coast to take property podium
Analysts are predicting Queenslands biggest growth in property will emerge in the states southeast coastline.
With the largest sporting event ever to hit the coast only weeks away, the area is riding high on popularity with local, interstate and internationaly investors, a trend that analysts claim will pull three times the rate of growth of Brisbane.
The area spans more than 1858sq km, with the latest Queensland Home Value Forecasts, by Moody’s Analytics and CoreLogic, pointing to continued strong rises. It said Gold Coast house values grew 6.5 per cent last year – the strongest rise across the state.
While that’s supposed to moderate somewhat to four per cent this year, it was then predicted to transition to a seven per cent surge in 2019.
No other part of Queensland other than Wide Bay was expected to see such a big jump next year.
The region includes Broadbeach-Burleigh, Coolangatta, Gold Coast-North
, Gold Coast Hinterland, Mudgeeraba-Tallebudgera, Nerang, Ormeau-Oxenford, Robina, Southport and Surfers Paradise.
And developers are continuing to be drawn to the Gold Coast, with the $550 million masterplanned Queen St Village to transform the former hospital site at Southport, the twin tower River Terrace development at Surfers Paradise recently approved, and a host of residential developers have moved in to the outer suburbs of the tourism mecca.
Robina Group has two residential projects in the Stadium Village precinct.
Robina Group sales manager Azura Griffen said the announcement of the Games had been a catalyst for development around Cbus Stadium. Source: realestate.com.au