Property values throughout the Gold Coast have seen steady growth in the recent past but what suburb has now become the most sought after on the Gold Coast?
According to data gathered from propertyvalue.com.au (Powered by RP Data) Miami is one of the hottest Gold Coast suburbs on the property market.
The tightly held suburb has been highly sought after over the past 12 months showing an 11.90% increase in median house prices. It’s also proving to be one of the faster selling suburbs on the Gold Coast, with some properties being snapped up within 48 hours of being put on the market.
Along with the increase in median house prices, recent data also shows the demand for the area has increased, with properties receiving an average of 1069 ‘online buyer visits’. Which is over 3.5x higher than the QLD Average of 295 ‘online buyer visits’.
So, where else is strong? With trends looking positive for the Gold Coast property market, it’s a similar story across most suburbs.
Recent figures show the following Gold Coast suburbs are performing far above average:
- Mermaid Waters, median house price up 11.84%
- Currumbin Waters, median house price up 10.54%
- Elanora, median house price up 9.68%
- Varsity Lakes, median house price up 9.54%
Figures gathered on 24/07/17 from www.propertyvalue.com.au & www.realestate.com.au.
Article written by Jason Hocking
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