In spite of a worldwide pandemic, the Gold Coast has seen a housing boom over the past few years. With the ‘work from home’ movement becoming fully entrenched in the Australian way of life, many buyers have been reassessing their lifestyle choices which has seen a drive to sun and surf. Whilst always a major drawcard for tourists, this is now becoming a highly sought after environment for interstate migrants.
Being announced as a co-host of the 2032 Olympic Games, the Gold Coast will likely see an increase in infrastructure and employment opportunities which will only add to its viability as a property investment option. As the Gold Coast is a relatively new addition to the higher end of the property market, it’s proving to be undersupplied in its current state which will likely see affordability becoming an issue.
Other Australia-wide influencing factors to be aware of include a predicted interest rate rise, due to come in later this year. This is already being felt by the building and construction industry – suffering from an increase in costs of building production and construction materials. This will continue to have an impact on national property markets.