NEWS: Gold Coast property market booms for first time since GFC

GOLD COAST BULLETIN: THERE is more evidence the Gold Coast property market is heating up, with some suburbs that enjoy waterfront views experiencing an unprecedented 25 per cent spike in land values.

 NEWS: Gold Coast property market booms for first time since GFC

Queensland’s Valuer General has released annual valuations for more than 141,000 properties in the city, showing land values on October 1 last year had increased by 14.4 per cent.

The top suburbs are Runaway Bay (25 per cent), Broadbeach (25 per cent), Bilinga (24.4 per cent) and Labrador (22.9 per cent).

 

Real estate and industry insiders are cautious of talking about a boom but those at the coalface say the property market began to heat up last October, with the best results for many waterfront suburbs since the Global Financial Crisis in 2008.