A new report by QBE has predicted that the Gold Coast property market will be able to outpace Sydney by 2024. The report, prepared by BIS Oxford Economics, says that the region is the future of Queensland’s residential property market. The CEO of QBE said that the pandemic has contributed to the growth of the coastal region. The outlook also predicts that the demand for apartments and houses will continue to grow.
In addition to the current growth rate of the Gold Coast, a new report predicts that the median house price will rise by another 18% over the next three years. The report states that pent-up demand for accommodation will boost the region’s average daily rate. Once the COVID shackles come off, the prices will rise. So what are you waiting for? Get your hands on a slice of Gold Coast real estate now!
While Brisbane has been the centre of community and commerce for many years, the price of a home in the city will remain relatively affordable, despite the city’s growing popularity. The median house price in the greater Brisbane region was $684,000 at the end of June 2021, up 19% from a year earlier. While this growth is a little slower than Sydney, it is still much cheaper than Sydney. Sustained interstate migration will help keep prices moderate.
The Gold Coast is a property owner’s paradise. The city is home to temperate sub-tropical climate, 287 days of sunshine annually, and a low cost of living. The Aboriginal people of the region call the area Kurrungal and say that the first settlers used the timber to make boomerangs. The city’s early settlers used timber as a primary industry. In the 1850s, sugar can be found and a rum industry was born.
The price of a Gold Coast home in 2024 will increase by 18%, despite the shaky economy. The growth will be driven by remote working, high interest rates and interstate migration, which is a major factor in the region’s real estate market. While the median house price of the city rose 22% in June 2021, a new survey conducted by CBRE Hotels shows that a third of the median house price in the city will be purchased by foreign investors in the next three years.
The Gold Coast is Australia’s sixth-largest metropolis and is home to 57km of unspoiled coastline. The city is populated by 16,573 estate agents in the region, with 9199 real estate businesses. Through Perfect Agent, you can find a trusted and reliable agent in any suburb of the Gold Coast. Its website offers information on homes and apartments for sale and rent. The site is available in English and in multiple languages and makes it easy to search for property.
The Gold Coast suburbs are divided into outer and inner rings. The outer ring consists of the beach towns of the city. The inner ring contains the main cities of Southport and the Southport. The suburbs of the Gold Coast are Broadbeach, Carrara, and Clear Island Waters. The city is also home to Pacific Pines and Merrimac. The inland areas of the suburbs include Main Beach, Molendinar, Parkwood, and Runaway Bay.
The Gold Coast is also home to some of the best climates in the world. In the summer, temperatures in the area range from 19 to 29 degrees Celsius. The winters are milder and the temperature ranges from nine to twenty-one degrees. The city has many attractions, including the Logan Village Museum, which covers the area from Jimboomba to Waterford. It has an excellent collection of World War I and WWII artifacts, and the Gold Coast Museum is situated on Aboriginal gathering grounds. A replica of an early settlers’ cottage is also visible at the museum.
The Gold Coast’s growth is predicted to continue through the year. While it may still be hard to imagine living in the area if you work in Brisbane, it’s definitely possible. The city offers a diversified economy and an attractive lifestyle. There are several factors that make it a great place to live and work. The cost of living in the Gold Coast is competitive with that of other eastern cities, and the city’s proximity to the airport and the waterfront makes it a good choice for a family.
About Author
