PROPERTY SQUEEZE PREDICTED
Home buyers on a budget face the prospect of being squeezed out of the Gold Coast's pricey property market.
That is the view held by real estate information service RP Data as governments increasingly look to high-density housing to meet the region's growing housing needs, say experts.
Information released yesterday by RP Data reveals Gold Coast suburbs are already the most expensive in Australia, outside the capital cities.
In a list of the top 10 most expensive regional suburbs for median house prices in Australia, eight are on the Gold Coast -- including the top seven.
According to the information, Surfers Paradise ($1.284 million) Mermaid Beach ($1.1 million), Paradise Point ($877,500), Bundall, ($862,000) and Clear Island Waters ($843,750) are the most expensive regional suburbs for median house prices in Australia.
Seven Gold Coast suburbs, including Hope Island ($705,000), Hollywell ($645,000) and Bilinga ($602,000) feature in a list of the top 10 most expensive regional suburbs for median unit prices.
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