The rental market in Gold Coast is growing at an incredible pace. In the past year, some suburbs have seen rental rates double. This is a sign of a booming housing market. With fewer homes for sale and more people relocating to the area, prices are increasing rapidly. The rental market is also strong, and there is no shortage of rental properties. However, it is important to be prepared to pay a premium for a rental property.
The median house price on the Gold Coast is now $1.1 million, nearly double the state’s median. Nevertheless, the housing market remains strong. According to CoreLogic research analyst Kaytlin Ezzy, the median house price in Gold Coast has increased by 1.2% in the last year. Unit prices are rising faster than the housing segment, with less volatility. So what’s driving this strong housing market? Multi-million dollar homes are propping up the market.
Gold Coast is a popular location for tourists and investors. The region offers a sunny climate and a diverse economy. The average house price in Gold Coast has increased by about 6% over the past three years, while prices of a one-bedroom home rose by 2%. Three-bedroom houses increased by 16.1%, and four-bed houses have declined by 1%. But, despite the strong housing market, a lot of property owners are confident in the market for their properties.
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