Gold
Coast City is Australia’s sixth largest city and is known as
Australia's premier tourist resort. The 'coast' offers world
class beaches, pristine state forests and national parks, clean
rivers, a subtropical climate, golf courses and entertainment
facilities.
Market
Update – March quarter 2009*
|
Gold
Coast (LGA) |
Mar
quarter median
|
%
change
Dec 08 – Mar 09 |
%
change
Mar 08 – Mar 09 |
|
House Price |
$455,000 |
0.0 |
-6.2 |
|
House Rent (3br) |
$380 pw |
0.0 |
+2.7 |
|
Unit
Price |
$345,000 |
0.0 |
-4.2 |
|
Unit
Rent (2br) |
$340 pw |
+3.0 |
+6.3 |
|
Vacancy rate |
4.5 |
+1.1 |
+2.4 |
*
This is the
most up to date available - property data is released 3 months after the end
of each quarter.
Source: Real Estate Institute of Australia
and REIQ.
# QLD Office of Economic and Statistical Research
Comment:
The Gold
Coast market has been quite flat over the past few quarters after prices
for both houses and median density dwellings
eased during
2008. Rental growth has also slowed after consistent rises over recent
years. The rental vacancy rate has increased to 4.5% which is indicative of
an oversupplied market. Not currently recommended for investment but will be
interesting to watch over the period ahead as opportunities re-emerge.
Detailed
Market Information:
For more detailed property market information
click here
or contact Quartile toll free on (02) 9499 4999.
Adelaide
| Brisbane | Canberra
| Cairns
| Gold Coast | Melbourne
| Perth | Sydney
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