The Gold Coast is a leading tourism, business and events city boasting arguably one of the best lifestyles in the world. Situated in the south east corner of the state of Queensland, the Gold Coast stretches along 57 kilometres of coastline and is home to over half a million people.
The Gold Coast was originally known as the SouthCoast (because it was south of Brisbane). However, inflated prices for real estate and other goods and services led to the nickname of “Gold Coast” from 1950. … Today the Gold Coast is known for its golden sanded surf beaches, theme parks and rainforest hinterlands.
The Gold Coast has become a stable city. We’re no longer dependent on the tourism industry. We’ve got people moving here interstate for the lifestyle and the new job opportunities being offered. There is also new infrastructure being developed, like the $550 million Gold Coast Health and Knowledge Precinct and M1 upgrade.
Property analytics group CoreLogic recently published figures in a piece about the rising values in regional areas. It stated that the Gold Coast is currently experiencing more rapid growth than Brisbane and demand from southern buyers looking for lifestyle properties has contributed to the increase. Median house values on the Gold Coast showed an increase of 7.5% in the last 12 months, and median unit values increased by 6.2%.
Lifestyle factors will continue to make the Gold Coast an attractive holiday hotspot and retirement option, which together with improved health and educational facilities and a diversifying economy, could just see it be a solid investment option for property over the medium term.