QLD Gold Coast median prices. Well ahead of Brisbane now and about to pass Melbourne!

Discussion in 'Where to Buy' started by big max, 15th Mar, 2017.

Join Australia's most dynamic and respected property investment community
Tags:
  1. big max

    big max Well-Known Member

    Joined:
    30th Nov, 2015
    Posts:
    2,091
    Location:
    Gold Coast
    big max, 15th Mar, 2017
    #1
  2. BB5

    BB5 Well-Known Member

    Joined:
    2nd Jan, 2016
    Posts:
    1,042
    Location:
    Brisbane
    Yet you have to travel to Brisbane for work...Bubble.
     
    BB5, 15th Mar, 2017
    #2
    highlighter likes this.
  3. big max

    big max Well-Known Member

    Joined:
    30th Nov, 2015
    Posts:
    2,091
    Location:
    Gold Coast
    Actually there many folks who travel from Brisbane to work on the booming Gold Coast. Especially labourers. No bubble by any means, especially if you look at basic valuation fundamentals such as comparative yields.

    On what basis do you call it a bubble?
     
    big max, 15th Mar, 2017
    #3
    MikeyBallarat likes this.
  4. BB5

    BB5 Well-Known Member

    Joined:
    2nd Jan, 2016
    Posts:
    1,042
    Location:
    Brisbane
    The fact that industry is building and tourism no chance of that popping post Commonwealth games...
     
    BB5, 15th Mar, 2017
    #4
  5. big max

    big max Well-Known Member

    Joined:
    30th Nov, 2015
    Posts:
    2,091
    Location:
    Gold Coast
    Inl
    Unlikely the economy will slow after the Games. Indeed population will keep increasing and there is a solid decade of massive infrastructure growth ahead.

    Also bear in mind many people come to the Gold Coast already with money and looking for a nice place to live. This also explains the higher median the Brisbane. Although Brisbane is, I must admit, very good value at preset levels.

    Anyhow mark my words - give it another 2 years and gc prices wlll have surpassed Melbourne medians.
     
    big max, 15th Mar, 2017
    #5
  6. MTR

    MTR Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    27,859
    Location:
    My World
    MTR, 18th Mar, 2017
    #6
  7. Mel_C

    Mel_C Well-Known Member

    Joined:
    19th Jul, 2015
    Posts:
    232
    Location:
    QLD
    Yep certain parts of the gold coast are hot hot hot at the moment. Just went and saw a sub 500k in Palmie and there was about 10 people writing offer at the table then and there
     
    Mel_C, 18th Mar, 2017
    #7
  8. silverman47

    silverman47 Member

    Joined:
    23rd Jul, 2015
    Posts:
    19
    Location:
    Sydney
    The Goldie market is very heavily tourism driven. The US Fed Res has forecasted a further 5 rate rises over the next 2 years. A higher AU/US exchange rate would be a handbrake on tourism and therefore growth.
     
    silverman47, 18th Mar, 2017
    #8
  9. highlighter

    highlighter Well-Known Member

    Joined:
    2nd Jun, 2016
    Posts:
    930
    Location:
    Australia
    On bubbles - the Gold Coast is a minor bubble if that. To be honest I'd say Brisbane/Gold Coast are places to watch. Median prices are relatively low, these regions haven't been over-targeted by inexperienced investors, they've been languishing a bit until recently. If investors turn on Sydney and Melbourne, the Gold Coast and Brisbane could be targeted in the upsurge. I won't be surprised if in a decade we're all saying "well of course the Gold Coast is a million dollars everyone wants to be there etc".
     
    highlighter, 18th Mar, 2017
    #9
    big max and josh123 like this.
  10. Kangabanga

    Kangabanga Well-Known Member

    Joined:
    21st Jun, 2015
    Posts:
    1,497
    Location:
    Brisbane
    Kangabanga, 18th Mar, 2017
    #10
  11. God_of_money

    God_of_money Well-Known Member

    Joined:
    26th Jun, 2015
    Posts:
    367
    Location:
    Gold Coast

    I bought my waterfront PPOR in the prime area during that time...I enjoy spruiking alert!
     
    God_of_money, 18th Mar, 2017
    #11
    big max likes this.
  12. God_of_money

    God_of_money Well-Known Member

    Joined:
    26th Jun, 2015
    Posts:
    367
    Location:
    Gold Coast
    Do u understand basic economics 101 before making comment??
     
    God_of_money, 18th Mar, 2017
    #12
    big max likes this.
  13. big max

    big max Well-Known Member

    Joined:
    30th Nov, 2015
    Posts:
    2,091
    Location:
    Gold Coast
    You have it backwards mate. Rising rates in the US leads to a Stronger USD and a Weaker AUD (both of which are Supportive of tourism to Gold Coast, both domestic (as Ozzies less inclined to go overseas) and internationally (as Gold Coast becomes cheaper for overseas tourists).
     
    big max, 18th Mar, 2017
    #13
    Bender12 likes this.
  14. big max

    big max Well-Known Member

    Joined:
    30th Nov, 2015
    Posts:
    2,091
    Location:
    Gold Coast
    Palm beach in the 500-700 range super hot right now I agree.
     
    big max, 18th Mar, 2017
    #14
  15. big max

    big max Well-Known Member

    Joined:
    30th Nov, 2015
    Posts:
    2,091
    Location:
    Gold Coast
    And prices having fallen 50% is a bad thing? For smart investors it's a wonderful thing buying assets cheap.

    Indeed at the time the article was written is roughly when I entered the market and invested big time. Volatility is a wonderful thing for investors if you know how to use it.
     
    big max, 18th Mar, 2017
    #15