Real Estate Gold Coast

The surging Gold Coast housing market heads the list of rising hotspots 

The Gold Coast is now Australia's No. 1 growth market.  It has more suburbs with rising sales momentum than anywhere else in the nation.

This is translating into price growth.  Several housing markets have recorded double-digit growth in median prices in the past 12 months, including:-

Benowa up 11%, Burleigh Waters up 13%, Highland Park up 11%, Palm Beach up 14%, Runaway Bay up 14% and Mermaid Beach up 22%.

Yields are strong.  Most suburbs have median rental returns above 5%.

This has been driven by spending on infrastructure and a rising tourism industry. There has been massive growth in tourist numbers from Asia, including Taiwan (up 77%),
Hong Kong (up 40%) and Japan (up 15%).  Visitors from the US have risen 19%.

Demographer Bernard Salt predicts tourism will rise further.  He says the expansion of facilities through infrastructure spending has helped create the influx of overseas tourists.  

The sandy beaches and spectacular views place Gold Coast, at the top of any tourist's 'Must Visit' list. The many theme parks also are a major draw.

The jobs market is growing on the back of construction projects and tourism - and this is driving strong demand for real estate, particularly in the housing market.  

Last year it was Melbourne, then Brisbane, now here comes the Gold Coast. To know more or to get in touch with us click here.