Gold Coast: boom or bust? Whether you enjoyed the hype of the
performed very well, with the number of house,
of the events or hid out away from the
post Global Financial Crisis highs,” Paul Broad,
Commonwealth Games and attended some
land, and apartment sales all increasing to
crowds, there is no denying it was an event to
remember. In the wake of the Games, we look back and see if the event followed through on
& Advisory, told PropertyMash.
its promise to elevate the Gold Coast to the
With a population of nearly 577,000 permanent
the flow of people to the Sunshine State’s
city outside of the five mainland state capitals
world stage, which would, in theory, increase
residents, the Gold Coast is Australia’s largest
second city.
and for the past three decades has been one of the fastest growing major regions in Australia.
We caught up with a few of the Gold Coast’s
In the aftermath of the Commonwealth Games, we look at the state of the Gold Coast market and where it might go from here.
Managing Director of Broad Property Research
“In 2017, there were a total of 23,327 settled
property insiders to see what effect, if any, the Games had on the property market.
residential sales on the Gold Coast, the highest
“In the lead up to the 2018 Commonwealth
2007. Median sale prices also reached record
number since the 27,588 sales recorded in
Games the Gold Coast’s residential market
highs in the lead-up to the Games. The median Apartments/townhouses
Gold Coast
Detached houses
Total residential sales
Vacant land
30,000 25,000 20,000 15,000 10,000 5,000
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
0
Broad Property Research & Advisory Pty Ltd Source: Queensland DNRM / RP Data. Settled sales on land sized under 4,000sqm for calendar years. Does not include off-the-plan sales that are yet to settle.
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