Gold Coast Apartment Markets Transition to Home Owners

by | Aug 19, 2018 | News

Apartments on the Gold Coast are being built to cater more for owner-occupiers with two-bedroom apartments being favoured in developments

The apartment market on the Gold Coast has reached a healthy balance due to;

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  • Continued population growth
  • Advanced infrastructure projects
  • Increased employment opportunities
  • World class medical facilities
  • Acclaimed Schools, Colleges, and Universities
  • Modern transport system
  • Clean environment
  • Magical weather conditions

Also, Banks and the Developers have been careful not to oversupply the market with product as has been the case in previous cycles.

A shift towards smaller developments has also created less supply enabling buyers more time to make decisions, and this, along with growing long-term demand, has led to more stability.

There will always be a market for the larger developments because of the amenity they provide, the emerging trend for smaller developments has resulted in a more balanced market and given the buying public a real choice.

There is a steady increase in population on the Gold Coast and the ever-increasing owner-occupier demand from retirees, plus people from Melbourne and Sydney who have been priced out of the market find the Gold Coast very reasonably priced. 

The result is a very stable property sector on the Gold Coast.

The market will also benefit from the proposed $30 billion development pipeline in the wake of the Commonwealth Games.

More than 250 projects rolling out over multiple sectors include;

  • Retail
  • Tourism
  • Residential
  • Transportation
  • Health and services
  • $3.115 Billion 1st 2nd & 3rd Stages of the Gold Coast Light Rail
  • $1.5 Billion Westfield Coomera Town Centre (Stage-1 $500 Million)
  • $385 Million Gold Coast Cultural Precinct
  • $300 Million Gold Coast Airport Masterplan
  • $62 Million in Tourism Expenditure.
  • $385 Million Gold Coast Cultural Precinct  
  • $104 Million Bundall Road Upgrade
  • $1.76 Billion Gold Coast University Hospital
  • $670 Million Pacific Fair Refurbishment (Total approx. value $1.44 Billion)
  • $230 Million Gold Coast Private Hospital
  • $865.9 Million Commonwealth Games  
  • $119 Million Smith Street Upgrade

They say the proof is in the Pudding, and the Gold Coast has all the ingredients to be crowned Australia’s Magic Pudding.