Gold Coast Bulletin: Booming Luxury Property Market

The Gold Coast has been the most popular destination for interstate residents joining the pandemic’s exodus to the regions, with huge numbers drawn to the area’s idyllic coastal lifestyle, more affordable real estate and progressive industries.

Trends in the new year reflect changes in the way we live and work in the wake of COVID-19, with the shift to regional markets emerging as a driving influence in design.

The Gold Coast has been the most popular destination for interstate residents joining the pandemic’s exodus to the regions, with huge numbers drawn to the area’s idyllic coastal lifestyle, more affordable real estate and progressive industries.

The Commonwealth Bank’s Regional Movers Index showed the Gold Coast became home to 11 per cent of the total number of people moving from capital cities to regional areas in the 2020/21 financial year. A record 28,5000 people moved to Queensland from interstate in the March quarter alone, according to the Australian Bureau of Statistics.

“Size is paramount when considering housing choice in a post-pandemic world, along with the flexibility to go from a holiday home to a permanent home for an extended period of time.

“A lot of our buyers have the money, time and resources to live anywhere on earth but choose to spend their time on the Gold Coast, particularly in the winter months,” Adsett says.

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