All the information you need to prepare yourself to invest in Australia’s second largest growing city by the 2032 Brisbane Olympics.
Located south-east of the Queensland capital of Brisbane, the Gold Coast is one of the most popular coastal cities in Australia. Known for its incredible beaches, perfect surf waves, and active suburbs, the Gold Coast is the destination to embrace the true essence of a typical Australian coastal lifestyle. With the 2032 Brisbane Olympics rolling around, the increase in interest for properties in the area and its surrounds is on a rise, making now the perfect time to invest in one of the many luxury properties the Gold Coast has to offer.
Due to its popularity and appeal, the Gold Coast has seen a wave of interstate buyers looking for luxury beachfront units, causing the average Gold Coast apartment price to be lifted by $600,000 in 6 months. Between 240 sold apartments from September 2023 to March 2024, the average apartment price had increased from $1.13 million to $1.73 million, with 38% of these buyers being interstate investors, 29% owner occupiers, 20% local investors, and only 13% being offshore buyers. Moving forward these prices will only continue to rise, and with the upcoming Olympics the number of interstate and international investors will also increase.
With these increased investment prices, premium development projects are thriving. Malaysian-based project group MRCB’s $172.4million development project titled ’26 Vista’ is a testament to this, having already sold 155 of its 280 units as of March 31, 2024. This 51-level skyrise will house a combination of luxury units and townhouses, with it said to be one of the tallest buildings in Gold Coast’s suburb of Surfers Paradise upon its completion. This development will feature modern furniture and finishings accompanied by a wide spectrum of accessible amenities and smart home installations, catering to all who wish to reside in this high-class property in the heart of the Gold Coast.
There is no better time to invest at the Gold Coast than now, with interest in investments and prices on a constant rise. These will only continue to skyrocket as we head towards the 2032 Brisbane Olympic Games which will see an incredible boom in interstate and international travel with investors looking for properties close to the games. Secure your chance at a Gold Coast property now and do not miss out on incredible investment opportunities in this popular Australian coastal city.
References:
Krishnan, Ravi (MRCB, 2024). "A Guide to Investing in Vista"
Schlesinger, Larry (2024). "Interstate buyers drive $600k rise in new Gold Coast apartment prices" [Article]
Comments