Six Gold Coast suburbs notch double-digit growth

Posted by

first_imgBiggera Waters’ median house price jumped 13.8 per cent to $725,000 after 70 sales and Jacobs Well notched 13.4 per cent growth to a $533,000 median from 37 sales. Hope Island, Burleigh Heads and Tallai also added gains of more than 10 per cent to their house prices. This compares to 0.8 per cent growth across Gold Coast houses overall. MORE NEWS: Sellers spending much longer searching for a buyer A three-bedroom unit at 305 Golden Four Drive, Bilinga, is up for grabs. The hilltop home has a price guide of more than $1.475 million.Alex Phillis Real Estate director Alex Phillis said some Gold Coast pockets had been undervalued for a long time and now out-of-area buyers were seeing their worth. “The international and national market have found out about Hope Island particularly, and also Tallai,” Mr Phillis said. “Where else can you get the views you have in Tallai and a couple of acres for a couple of million dollars? “And same with Hope Island, you get that lifestyle — waterfront, buggy, golf, security — those more mature markets, national and international, are finding out.” Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:35Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:35 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p288p288p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenFive things to consider when buying into a regional area01:35 A five-bedroom house is on the market at 40 Glenrowan Drive, Tallai. Which suburbs are the Gold Coast’s property stars?SIX Gold Coast suburbs are the shining lights in an otherwise dull market, recording double-digit growth to their median house price over the past year and bucking the softening market trend. Beachside suburb Bilinga is the star property performer with its median house price soaring 46.3 per cent to $980,000, CoreLogic data to February shows.That’s a gain of more than $450,000 from just 14 sales. The suburb’s growth has slowed however, with its median recently hitting $1.3 million.center_img The No. 4 unit has a $989,000 price tag.Ray White Mermaid Beach agent Troy Dowker said Bilinga had escalated in value thanks to a handful of big beachside sales and now the election was over the momentum would pick up again. “It’s the allure of that environment — it’s a pretty laid back, narrow corridor,” he said. More from news02:37International architect Desmond Brooks selling luxury beach villa11 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days ago“We have a lot of people from the northern end, who have been living up there for a number of years, migrating south as they are attracted to that slower pace but still have easy access to all the infrastructure and amenities.” MORE NEWS: House will bowl you over with its fun inclusions Once again the Glitter Strip has trumped the Brisbane property market, coming out relatively unscathed in the broader market downturn.Brisbane’s median house price overall jumped 2.9 per cent in the 12 months to February, while unit prices fell by 2.5 per cent. Mr Phillis said he expected the next 12 months to be a positive time for Gold Coast real estate. “People are taking the Gold Coast more seriously now as a destination to come and live, we’re more mature now,” he said. “From where they are coming from we are really good value real estate.“Post-election, there’s a great buzz in the air.” [email protected]last_img

Leave a Reply

Your email address will not be published. Required fields are marked *