Gold Coast real estate is set to get a workout over the coming weeks as a number of high end properties go up for auction. The Gold Coast Bulletin reports that poker machine heir Christian Ainsworth and jeweller John Calleija are both putting their homes on the market, with Ray White Runaway Bay and Ray White Broadbeach charged with selling them, respectively. Mr …
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Mudgeeraba on the Gold Coast has experienced a shift where houses valued at under $400,000 have accounted for 25 per cent of sales in the last six months. PRDnationwide data shows that this compares with just eight per cent in the latter half of 2010. Researcher for the firm Rob Matta told the Gold Coast Bulletin that this can be attributed to a rising number of stock on the …
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Gold Coast real estate is set to see a boost with property developers about to resume works for a Varsity Lakes waterfront. The Gold Coast Bulletin reports that German investors paid $26.4 million for the land in 2007 with the intention of building residential apartments. A disappointing property sector saw no work done on the site despite intense negotiations with the …
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Ray White is hoping for a bumper auction season as it lists some of the best Gold Coast property around. A Sovereign mansion is up for sale, boasting a ten car garage and 24 metres of unrivalled water frontage. The property was designed by the famed Noosa architect, Paul Clout, and features timber and stone construction that are focused on tranquillity and accentuates the …
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Apartments for sale in Broadbeach as part of the Oracle project have seen a boost in sales over the last 12 months. The Gold Coast Bulletin reports that 100 units have traded hands which is in stark contrast to a year ago when only ten were sold. Head of property with advisory firm KordaMentha Berrick Wilson told the publication that buyers are noticing that the market has …
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Gold Coast real estate is set to receive a boost after plans have arisen to build a $50 million high rise in Southport. Investor Robert Boylan told the Gold Coast Bulletin that he wants to bring together a group of other investors to build the 96 apartment complex on the corners of Scarborough and Windmill streets. Mr Boylan bought the site in 2007 with the intention to build …
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Gold Coast real estate has seen a jump in demand, especially for units and townhouses that are more affordable. Properties that sold for less than $250,000 saw an increase in the number of sales. The Real Estate Institute of Queensland's (REIQ) September median unit and townhouse price report found the state recorded a 40 per cent jump over the quarter while there was a …
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Residential property in the Gold Coast may be boosted by news that the Gold Coast-Tweed region has become Australia's sixth most populous metropolitan area. The State of Australian Cities 2012 report showed that the south-eastern region of Queensland had the greatest growth of the country's 18 major cities in the last ten years. It rose by 2.8 per cent in the last …
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Owners of Gold Coast property may welcome the news that interest rates have been cut by 25 basis points to three per cent. The Reserve Bank of Australia made the decision to reduce the cash rate to prop up the slowing economy. The Real Estate Institute of Queensland (REIQ) said that the residential market can only benefit from this change - with 2012 having shown improvement …
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Those who are looking for residential real estate in the Gold Coast will be interested to know that residents are looking for property further west of the beach. Nerang, Worongary and Highland Park are all areas where affordable pricing is creating interest amongst first home buyers and people interested in investment properties. News Limited reports that these suburbs are …
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