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The Gold Coast . What's going on?

Discussion in 'Where to Buy' started by PatsyStone, 18th Dec, 2015.

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  1. PatsyStone

    PatsyStone Well-Known Member

    Joined:
    7th Jul, 2015
    Posts:
    89
    Location:
    Gold Coast
    What's the haps on the GC ? Don't you love it now we are calling it the "GC" instead of the Goldy .
    Been living on and off here/there for 4 years .
    Looked at rather a few properties in the Broadbeach ,Mermaid and Surfers areas . Both units ( only walk ups ) and houses .
    This was 18 months to 2 yrs ago.
    Wasn't ready to buy at the time .
    Agents kept saying a few years ago this place sold for almost twice this asking price .
    I had no knowledge of the GC market. A few locals told me it is a rather a fickle place. It can go flying up and crashing down.
    I couldn't feel confident because nobody I talked to was at this time.
    Well! ZMG have prices gone up ! in particular houses.
    Houses I looked at in Florida Gardens priced around $600,000-$700,000 are now $100,000 more min. That's a big jump in a year. Cheers
     
  2. big max

    big max Well-Known Member

    Joined:
    30th Nov, 2015
    Posts:
    1,032
    Location:
    Gold Coast
    Hi. I've been posting about the Gold Coast in another thread.

    Please do come join the conversation.

    Gold Coast Property News - official thread

    Yes prices are rising. Gold Coast is in the early stages of what I believe will be a very sustained boom.
     
  3. Mel_C

    Mel_C Well-Known Member

    Joined:
    19th Jul, 2015
    Posts:
    109
    Location:
    QLD
    Yep some houses have gone up $100k in a year...
     
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  4. Azazel

    Azazel Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    8,113
    Location:
    Brisbane
    Going strong according to this thread:
    QLD - GC going strong!
    But keep making new GC threads to try and take some of the attention off BNE ;)
     
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  5. PatsyStone

    PatsyStone Well-Known Member

    Joined:
    7th Jul, 2015
    Posts:
    89
    Location:
    Gold Coast
    Thanks Big Max will do.
    My concern with buying there now is has it already peaked because from a few places I have looked at lately the prices seem a bit too steep.
    I don't know GC previous patterns .
    I have been told by some locals it has a tendency to dive rather fast .
    Past performance not always an indicator .
    I can't help but sense some panic buying.
    My property is in nth NSW . It has peaked but still strong and looks like will be staying steady. Agent said some properties already might not achieve what they did 6 months ago.
    The market here has done its rise for now.
    I'm wondering why GC is any different ?
     
  6. big max

    big max Well-Known Member

    Joined:
    30th Nov, 2015
    Posts:
    1,032
    Location:
    Gold Coast
    I think we are just in the early stages of what will be a sustained boom on the coast.

    We are far from the panic "fear of missing out" buying phase. That will happen probably 2018-2020.
     
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  7. twobobsworth

    twobobsworth Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    247
    Location:
    Sydney, New South Wales
    I'm staying in the canals at mermaid waters. Have to say the place seems pretty dead.