As the most popular destination of Sydney, Gold Coast is known for its warm weather, sunny climates, and coastal view, which makes it as the perfect example of South-East Queensland’s beauty. This coastal destination is one of the common visiting places for Australians who is seeking a beach-based getaway. This is not surprising, as the Gold Coast is known for beautiful beaches and yellow-orange hue sunny skies. What more is that this place also offers reasonably priced Sea view getaways without leaving the country. The Gold Coast has a diverse property appeal. This means that the property value in Gold Coast will differ from one location to another.
Overview of Gold Coast
The Gold Coast, often called Gold Coaster by natives, is a coastal city in the states of Queensland which is approximately 66 kilometres south-southeast in the centre of the state capital Brisbane. This coastal destination shares its northern border with New South Wales. Gold Coast is a loose collection of suburbs combined along an extended stretch of beautiful coastline. The alluring beaches and weather grab the attention of visitors both from around Australia and internationally.
Buying a Property in Gold Coast
Why buy a small and expensive property in Sydney or Melbourne, when Gold Coast can offer you a plethora of property options? Gold Coast is more than just an attractive destination for beautiful beaches and warm weather. This place has one of the most fantastic investment potentials. The diversity of property you will find on the Gold Coast will keep you busy with your search for an ideal location. Whether you are looking for a beachside apartment or a house near a remote area, one of the most popular properties to buy currently are listed on the Gold Coast. According to a study, the Gold Coast will become a city of “truly metropolitan scale” and have a population of 1.1 million by the year 2050.
Although known as the ideal destination for schoolies and low-budget family holidays, there are chances the Gold Coast will undergo some major cultural and economic development changes in future. New activities and opportunity have been the major reason behind a huge spike in the construction of appropriate infrastructure and residential development. These features are some of the major driving factors in the Gold Coast’s present booming property market.
Property Market of Gold Coast
A new report revealed that the present property market in Gold Coast is skyrocketing daily with various suburbs showcasing double-digit price growth. Given the current continuous increase in the prices in Gold Coast, it is estimated that the median price for a house will exceed $650.000 in future. Gold Coast will see one of the highest digits in property rates in the next three years. These digits combined with interest rates at an all-time low, people are now finding an ideal buying opportunity, especially for those planning to invest in Gold Coast. The present Gold Coast house values and high rental yields are making an amazing investment opportunity for the investors in the market. Additionally, the predicted population growth and improved infrastructure is boosting the confidence of developers.
Gold Coast has experienced potential property value growth over the past few years. According to a 2020 property valuation report, house prices saw an increase of 2.7 per cent in Gold Coast’s eastern suburbs and 6.8 per cent in the Gold Coast hinterland. This only goes on and adds to the fact that buying a property in the Gold Coast presently will be a great move for your future investments.
Want to know the current property value at Sunshine Coast and Gold Coast?
Australian Valuers provide an independent valuation service and consultancy advice throughout Australia. Their highly qualified valuers also offer tax depreciation and specialist work which includes management rights in Sunshine Coast and Gold Coast.