Gold Coast one of the hottest lifestyle regions in the country, real estate survey reveals
THE Gold Coast is the second hottest lifestyle region in the country.
Core Logic figures outlining the top 25 council regions across lifestyle markets where the most houses have sold show the Coast placed at second with almost 20,000 homes sold in the 12 months to June.
Three other Queensland regions are also listed – Noosa at ninth, Sunshine Coast at 11th and Moreton Bay at 24th.
More than half the list was NSW council areas, including the top spot of Wingecarribee, west of Wollongong and including Bowral, an area much-sought after by Sydneysiders.
Core Logic property market analyst Cameron Kusher said the Coast property market had returned following “many years in the doldrums”.
“Previously, when you look at sales volumes on the Coast they had been pretty low a few years back but it’s definitely picked up in the last 12 to 18 months,” Mr Kusher said.
“We’re starting to see migration into Queensland pick up a little again and the Gold Coast has probably been a factor of that.”
He said Sydney and Melbourne buyers were fuelling the surge.
“People have a lot of equity in their properties and are considering buying coastal properties again,” he said.
“And when people think of coastal areas, the Gold Coast is a big one.
“People are starting to look for holiday homes or homes they may retire to on the Gold Coast out of Sydney or Melbourne.”