28 Gallway Street, WindsorView
Defying the nations property market downturn are eleven suburbs that are experiencing record high price growth.
Of the eleven, five are in South East Queensland; the Sunshine Coast (Noosa & Sunshine Beach), the Gold Coast (Palm Beach) and Brisbane‘s north side suburb, Windsor. And according to CoreLogic, the coast lifestyle areas have been dominating the top 20 most resilient areas.
Despite the weak market, homeowners, particularly in Sydney and Melbourne, had substantial equity that could be unlocked, helping to underpin prices in coastal areas, according to CoreLogic head of research Tim Lawless.
“Baby boomers are retiring, having gone through a number of property cycles and have the equity to fund a lifestyle purchase,” Mr Lawless said. “The money goes further in these markets than in Sydney and Melbourne.”
At the other end of the spectrum, 17 of the 20 biggest price falls for the year were in Sydney’s mid-priced suburbs, with the Epping area seeing prices fall a massive 32.9 per cent.
Source: The Australian, 11 May 2019
One of the Gold Coast’s premium suburbs, Mermaid Beach, is seeing continued momentum in capital growth and national demand, particularly from Sydney and Melbourne buyers. Despite prestige property cooling off slightly across the country, recent sales in Mermaid Beach’s Hedges Avenue prove there is still a strong appetite for buyers.Read more
With a massive $20 billion boost to infrastructure, the area has entered a new era of sustained growth. Already Queensland’s strongest real estate market, the Sunshine Coast is the 10th largest significant urban area in Australia and in recent times has experienced higher percentage population growth than Sydney.Read more
Brisbane is in high demand in property searches across realestate.com.au, with overseas interest from Asia and New Zealand but also the largest increase from the UK that has ever been seen in Australia. Specifically, Windsor and Indooroopilly are seeing strong demand, included in the top 5 most searched suburbs on realestate.com.au.Read more
Following a recent audit of the area, leading demographer Bernard Salt tips the Sunshine Coast will emerge as a hotbed of urban growth and development, supported by the stand-out volume of small-business owners.Read more
Brisbane’s property market has been forecast to outperform Sydney and Melbourne this year, enticing interstate migration with its lower-priced entry points.Read more
In Knight Frank’s recently released The Wealth Report 2019, the Gold Coast was listed as one of only five Australia hot spots in the world’s top 50 cities for prestige market performance.Read more
The significant level of public and private investment committed to the Gold Coast represents a strong opportunity for residential investment returns to be maximised.Read more
New figures from the 2016 census confirm that Brisbane is following the same trajectory as Melbourne and Sydney in terms of the composition and distribution of the metropolitan area.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