The outlook for the Gold Coast property market
The Gold Coasts population is now around 580,000 people and is growing by around 10,500 people a year.
This means, based on the average household size of 2.6 people, that the city needs about an extra 4,000 dwellings a year, simply to cater for that growth.
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There were only 2,500 sales of vacant land last year, rental vacancy rates are extremely low, running at 1% across the city.
In recent months investors have returned to the Gold Coast market because unlike the southern capitals, our property prices are not over-inflated.
There are billions of dollars of quality investment and development either planned or already under way in the city.
All of these factors contribute to making the Gold Coast property market a very desirable place to invest.
And it’s no surprise to discover that Gold Coast agents are reporting strong levels of buyer demand, shorter selling periods, reduced supply and upward pressure on sale price levels.