GOLD COAST PRICES ARE SHOCKING INTERSTATE RESIDENTS WHO WERE EXPECTING SUNSHINE AT PRICES LIKE IT’S 1999
The growing demand for Gold Coast property by lockdown-weary NSW and VIC residents has sent property prices skyward, and quickly. The jumps in prices are shocking those who were expecting to find a cheap beachfront property and luxury apartments at a fraction of what they are paying in Sydney or Melbourne.
There is better value in Gold Coast property, but the price difference between Gold Coast and the cities of Sydney and Melbourne is not what it used to be. “The days of Queensland being the place to pick up a cheap weekender with your tax return and bonus are well and truly gone,” says APFG CEO Matt Sully.
Gold Coast median house price has jumped by 4% over the last quarter alone and 21.4% over the previous year.
“So many of our NSW and VIC clients are still stuck on the idea that Queensland is a heck of a lot cheaper than Sydney and Melbourne. It is, but not as cheap as it was 12 months ago.”
As of the end of the June quarter, housing prices hit a record high of $797,000, with apartments following suit, rising $10,000 to reach $485,000.
“When we are asked for beachfront or oceanview properties on Gold Coast for less than $500,000, it’s just not possible,” says Sully. “I am not Michael J Fox, and I don’t have a time machine,”
Sully estimates that within the next five years, the price difference between Gold Coast and the larger cities will be minimal.
APFG soon to release exclusive listings for the brand new oceanview project, with 2BR under $500,000
At the moment, there are no fewer than 50 new projects in the pipeline for residential developments. While many have a starting price tag over $1million, Sully and the team at APFG will have exclusive listings for a brand new, luxury apartment in the heart of Gold Coast, starting under $500,000.
“We are about to announce the opening for a brand new project, less than 500m from the beach, with ocean views in every apartment, and the starting prices will be less than half a million dollars for a 2BR apartment,” says Sully.
The yet-to-be-released project will be within the Gold Coast CBD, next to two tram stops with beaches, restaurants, and arts precincts at the doorstep.
Residents will not only enjoy spectacular views, but also club amenities such as gyms, a sauna and spa, and a rooftop pool.
To sign up for the waiting list for the exclusive release, contact the team at APFG.