The Gold Coast has been named among the nation’s top ten growth areas and a standout performer in regional QLD.
Double-digit house price growth was clocked in several suburbs, lead by Biggera Waters, up 22 per cent to a median house price of $825,000, next Currumbin, which jumped 16 per cent to $1.05m, and then Miami, up 15 per cent to $865,000.
The winter edition of Hotspotting’s Price Predictor Index identified 31 Gold Coast City suburbs as “rising markets”, placing it as one of the best-performing Australian municipalities over the past 12 months.
Hotspotting founder Terry Ryder said the local market was bolstered by interstate buyers and cashed-up expats investing in luxury property in the region – part of a trend dubbed the “exodus to affordable lifestyle”.
While the Sunshine Coast remained the state’s leader for annual growth, that region’s market showed first signs of slowing – unlike the Gold Coast, which continued to attract huge buyer demand.