The Gold Coast . What's going on?

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

 

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.

 

Yep some houses have gone up $100k in a year...

 

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

 

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 ?

 

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.

 

I'm staying in the canals at mermaid waters. Have to say the place seems pretty dead.