Gold Coast Apartment Markets Transition to Home Owners

Apartments on the Gold Coast are being built to cater more for owner-occupiers with two-bedroom apartments being favoured in developments

The apartment market on the Gold Coast has reached a healthy balance due to;

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• Continued population growth
• Advanced infrastructure projects
• Increased employment opportunities
• World class medical facilities
• Acclaimed Schools, Colleges, and Universities
• Modern transport system
• Clean environment
• Magical weather conditions

Also, Banks and the Developers have been careful not to oversupply the market with product as has been the case in previous cycles.

A shift towards smaller developments has also created less supply enabling buyers more time to make decisions, and this, along with growing long-term demand, has led to more stability.

There will always be a market for the larger developments because of the amenity they provide, the emerging trend for smaller developments has resulted in a more balanced market and given the buying public a real choice.

There is a steady increase in population on the Gold Coast and the ever-increasing owner-occupier demand from retirees, plus people from Melbourne and Sydney who have been priced out of the market find the Gold Coast very reasonably priced. 

The result is a very stable property sector on the Gold Coast.

The market will also benefit from the proposed $30 billion development pipeline in the wake of the Commonwealth Games.

More than 250 projects rolling out over multiple sectors include;

• Retail
• Tourism
• Residential
• Transportation
• Health and services

• $3.115 Billion 1^st 2^nd & 3^rd Stages of the Gold Coast Light Rail
• $1.5 Billion Westfield Coomera Town Centre (Stage-1 $500 Million)
• $385 Million Gold Coast Cultural Precinct
• $300 Million Gold Coast Airport Masterplan
• $62 Million in Tourism Expenditure.
• $385 Million Gold Coast Cultural Precinct  
• $104 Million Bundall Road Upgrade
• $1.76 Billion Gold Coast University Hospital
• $670 Million Pacific Fair Refurbishment (Total approx. value $1.44 Billion)
• $230 Million Gold Coast Private Hospital
• $865.9 Million Commonwealth Games  
• $119 Million Smith Street Upgrade

They say the proof is in the Pudding, and the Gold Coast has all the ingredients to be crowned Australia’s Magic Pudding.