43-49 Peerless Avenue, Mermaid BeachView
With the highest employment-to-population ratio outside of our capital cities, the Gold Coast is attracting a growing number of Sydney, Melbourne and overseas residents enticed by the opportunities, lifestyle and affordability on offer. A trend for high quality, luxury apartments has created high demand and low supply resulting in extremely low vacancy rates which have 1.7% since December 2013.
The Gold Coast now acts much like a major capital city while offering considerably better affordability, demonstrating significantly stronger market fundamentals and providing greater investment returns.
The Gold Coast is the 6th largest Significant Urban Area in Australia, having recently experienced higher population growth than all capital cities with the exception of Melbourne which it trails by only 0.1%.
The region boasts an economy worth $35.24 billion, having grown by around 29% in seven years and 11.5% in the previous two.
A strong pipeline of infrastructure investment in excess of $25 billion including transport, healthcare and entertainment precincts.
The Gold Coast has experienced solid, progressive employment growth of 23% during the past five years to 2019.
The median apartment price in Melbourne and Sydney was 25% and 75% respectively more expensive than the Gold Coast for 2018.
Consistently low vacancy averaging 1.9% over the past five years to 2019 is substantially below that of Sydney which has progressively increased since May 2017, rising to 3.2% as at January 2019.
Apartment rental yields were at 5.3% as at January 2019, significantly higher than those being achieve in Sydney and Melbourne which have fallen to record lows of 3.8% and 3.9% respectively.
“Real” new apartment supply is limited on the Gold Coast and trending down further, due in part to financing constraints for developers with no track record of delivery.
An incredible 21% median apartment price growth has been experienced over the previous five years.
Renowned for some of the most spectacular, iconic beaches and surf breaks in the world
Impressive range of luxury shopping, fine dining, entertainment and leisure offerings
Major theme parks including Dreamworld, Sea World, Movie World, Wet ‘n’ Wild
Major events including Quicksilver and Roxy Pro surf competitions, GC 600 v8 Supercar Championships and the Australian PGA Golf Championship
260km of accessible waterways offer activities including fishing, swimming, water skiing and kayaking
Walking trails, lookouts, waterfalls, swimming holes, wineries and cafes throughout the 1,000km² of World-Heritage listed rainforest and hinterland areas
Data is now showing that a growing number of residents of Melbourne and Sydney are now choosing to rent in their own home towns rather than buying property in their excessively expensive cities. However, in order to get a foothold on the property ladder, these same residents are now looking into the Gold Coast, among other areas, to invest in property.Read more
Downsizers, professional couples and families are looking to apartments on the Gold Coast, as traditional detached residential housing is being passed up for apartment living in the area.Read more
The fundamentals for SEQ remain strong and it has been cyclically ready for some time now. However, regulatory measures to control Sydney and Melbourne, combined with media reporting that has been mostly negative, has created a level of sentiment that has hampered the SEQ market from reaching its full potential.Read more
A new report has found Queenslanders are the most well off of all Australians, thanks to their homes – with half of homeowners in the capital expecting properties to increase in value this year.Read more
Eight in 10 home hunters would buy a new apartment over a house and land package, research reveals.Read more
The 6th largest significant urban area in Australia, The Demographics Group managing director Bernard Salt recently stated the Gold Coast has the highest employment-to-population ratio outside of our capital cities.Read more
In our salute to the famous ocean location, surfers can return from the beach via a separate but equally opulent entry where they can wash off sand and store their surfboards. There is even a dedicated dog wash area.Read more