Seachange and treechange are buzzwords coming back into the property market
A desire for a change of scene is nothing new. Back in 2008, the buzzword seachange was in vogue as people were leaving busy cities for chilled-out beachside locations. Busy urbanites were moving to the country for much the same reason people were migrating to beachside locations.
Then the GFC happened and the property market took a hit.
When we say the Gold Coast took a hit, we should say it more or less died. A high Aussie dollar (against the USD), poor tourism numbers and job loss did nothing to help the situation.
Fast-forward to 2014-2015 financial year and evidence was pointing towards a return of sea change and treechange-based migration driving up the success of Queensland’s property market.
why population and tourism growth is consistently strong
When people think Gold Coast, they typically think beach, boating, shopping, nature walks, clubs, casino, golf, and relaxing.
Which are an image state and local government have happily reinforced? With upgrades to Movie World, the Casino, Pacific Fair, the light rail, Coolangatta Airport and entertainment venues—the Gold Coast is becoming more accessible and more appealing.
Suburbs like Mermaid Beach, Broadbeach, Burleigh Heads, Hope Island and Miami are becoming more popular as the Gold Coast’s tourist and local population hugs the coastline. Even though Gold Coast has roughly 50kms of coastline, there is a scarcity of prime real estate which is helping to sustain desirability of a beachside property.
The latest Gold Coast property market news
So, where is the Gold Coast property market heading?
Is the property marketing boom going to last?
Or will the bubble burst like it did 9/10 years ago?
Some reports as to the success of the current property market vary from the optimistic to the pessimistic. But the overall feeling is that the Gold Coast’s market is only going to get stronger. Especially as prices in Melbourne and Sydney continue to rise coupled with people’s desire for a sea change.
The Gold Coast’s improved infrastructure, new hospitals, airport expansion, a rise in employment numbers and improved entertainment facilities and venues will see it head into 2018 as one of Queensland’s most appealing lifestyle property markets.
With that said, the property market is subject to so many variables. We can only analyse the data in front of us and make an assessment.
As long as the Reserve Bank doesn’t make any huge changes, and the Aussie dollar stays stable, it is more than likely the lifestyle property market of the Gold Coast will continue strong for years to come.
Lifestyle properties on the Gold Coast
Whether you’re looking to buy your first home or looking to retire away from city life, there’s something here for you.
And if you are interested in living beachside in a laid-back community, the Gold Coast has a number of idyllic suburbs. From the beachside bustle of Broadbeach to more chilled-out places like Mermaid Beach and Palm Beach, the Gold Coast has a great variety.
Even suburbs like Benowa, Carrara and Southport are starting to thrive in the Gold Coast’s newfound prosperity.
To find out more about the lifestyle properties available on the Gold Coast, download our lifestyle property report.