Gold Coast property market is set to defy a nationwide slump

Gold Coast real estate figures best performer in the state ahead of Commonwealth Games

Our very own backyard, the amazing and dynamic Gold Coast is set to defy a nationwide property market slump and continue to grow after the Commonwealth Games.

That’s the message in today's Gold Coast Bulletin from the Real Estate Institute of Queensland (REIQ) on the back of strong figures showing the Gold Coast is the standout region, as well as the city’s top five highest-selling suburbs.

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The city’s housing market grew 7.7 per cent according to data which will be released today, putting the Gold Coast as the state’s best performer.

The annual median house price hit $615,000 last year, while unit prices grew 3.7 per cent to $425,000.

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And the growth is set to continue with the report saying the Coast’s rental market was “very strong” heading into the Games.

The report cited forecasts of $13 billion of development in the coming years as a factor likely to increase the city’s desirability.

Figures ranked by annual sales volume

1: Upper Coomera (469 sales, $490,000)

2: Robina (308 sales, $690,000)

3: Helensvale (291 sales, $595,000)

4: Pacific Pines (239 sales, $580,000)

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