Our Gold Coast could edge out Brisbane when it comes to capital gains because of its heavy lifestyle slant, according to property analysis firm CoreLogic.
CoreLogic research head Tim Lawless said that signs were emerging of subtle growth in Gold Coast values.
“We suspect that Gold Coast growth will likely have been stronger than Brisbane growth,” he said. “That’s probably the result of strong demand for lifestyle properties, especially among Sydney investors who have been priced out of New South Wales.”
The median price across Brisbane to the Gold Coast was $495,000 for all dwellings, with houses at $541,500 and units at $403,500.
Mr Lawless expected to see historic low rates continue to support the housing market and investment demand. For the original article penned by the Gold Coast Bulletin click here.
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