A maturing more stable Gold Coast property market is seeing more two-bedroom apartments¸43% of total stock for 2014 – 2017, along with smaller developments being built to cater for the ever-increasing baby boomers downsizing and those heading north from Melbourne and Sydney.
Home values in the Gold Coast have enjoyed a marginal increase over the past 12 months, which is good news for the region compared with property values falling across four of the eight capital cities over the past twelve months.
The Gold Coast is enjoying a golden period post the Commonwealth Games with more than 250 projects rolling out over multiple sectors including residential, transportation, tourism, retail, health and services.
Gold Coast infrastructure projects include the $615 million third stage of the Gold Coast Light Rail, $500 million Westfield Coomera Town Centre, the $385 million Gold Coast Cultural Precinct, and the second stage of the Gold Coast Airport’s $300 million masterplan.
Gold Coast Athletes Village About To Hit The Rental Market
In a new development for the Gold Coast region, all of the 1,251 apartments and townhouses in the $550 million Grocon-built Athletes’ Village will be offered solely for long-term rent, in a staged roll out starting early next year.
The new residential hub will include 18 apartment buildings, 82 double-storey townhouses, a retail and dining precinct, and the major supermarket chains.
Located near Griffith University’s Gold Coast campus, Gold Coast University Hospital, Gold Coast Private Hospital and the Southport CBD; the newly named “Smith Collective” is aiming to build a community of 2,500 academics, students, scientists, doctors and nurses.
It will be interesting to see what effects this long-term rental strategy and staged roll out will have, if any, across the wider Gold Coast rental and investment market.