Gold Coast City, South East Queensland
A year has passed since 2018 Commonwealth Games, leaving an unremarkable impact on the Gold Coast property market.
The Gold Coast’s lifestyle qualities and new infrastructure (including the light rail system, upgraded casino and expanded shopping centres) continue to contribute to population growth and tourism. There is also a large pipeline of other construction work which promises to help diversify away from tourism.
However, buyers need to be aware that the long-term impact of the Games has been over-rated. Our analysis of sales activity suggests that the Gold Coast property market is well past its peak, having been strong in 2015 and 2016 in the lead-up to the Games.
The Gold Coast property market has a history of boom-bust cycles, especially where high-rise units are concerned. Cracks are beginning to appear in this market again with a major developer going into Administration.
Investment in the Gold Coast market should entail extensive due diligence before deciding what and where to buy.
This report covers suburbs such as Ashmore, Benowa, Biggera Waters, Broadbeach, Broadbeach Waters, Burleigh Heads, Burleigh Waters, Carrara, Coolangatta, Coombabah, Coomera, Currumbin Waters, Elanora, Helensvale, Labrador, Main Beach, Mermaid Beach, Mudgeeraba, Nerang, Ormeau, Oxenford, Pacific Pines, Palm Beach, Paradise Point, Parkwood, Pimpama, Robina, Runaway Bay, Southport, Surfers Paradise, Upper Coomera and Varsity Lakes.