What’s next for Gold Coast property market after Commonwealth Games
The Gold Coast is in for a “Goldilocks” economy post-Commonwealth Games — not too hot, not too cold but just right to continue to tempt a wave of property investors and developers.
According to a new Colliers International report, the city’s prevailing strong property market is showing little sign of slowing down.
“Demand for housing will come off the back of jobs growth, strong interstate migration and affordability, and will be led by families and couples looking for house and land packages in the northern corridor
, as well as medium-density townhouses and apartments in Broadbeach and southern beaches, Robina and Hope Island,” Colliers’ research manager Helen Swanson
Amid speculation about what will become of the Glitter Strip’s property market once the excitement of the Games subsides, the report — ‘What next for the Gold Coast property sector?’ — outlines five key factors why it won’t run out of puff.
They include employment and population growth, rising tourism numbers, investment in infrastructure and major projects, and record median house prices.
Colliers’ Gold Coast director Darrell Irwin said the property market was healthy across all sectors, with an increase in inquiry, particularly from tenants in the commercial and industrial sectors, but also investors and developers.
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