December 22, 2023

Gold Coast Shines on the Global Property Stage

The Gold Coast, often associated with its pristine beaches and vibrant lifestyle, has recently made headlines on an international scale.

Gold Coast Shines on the Global Property Stage

The Gold Coast, often associated with its pristine beaches and vibrant lifestyle, has recently made headlines on an international scale. This time, it's not just the sun, surf, and sand that are drawing attention – it's the city's booming real estate market that's stealing the show.

A Global Contender

The Gold Coast is no stranger to accolades, but its latest recognition places it firmly on the global property stage. According to Knight Frank's 2023 Q3 Prime Global Cities Index, which tracks the annual price performance of key luxury residential markets worldwide, the Gold Coast has emerged as one of the world's top performers, boasting an impressive 3.9 percent growth rate.

What's even more remarkable is that the Gold Coast is among just five Australian cities featured in this esteemed list. Alongside metropolises like Brisbane, Melbourne, Perth, and Sydney, the Gold Coast stands out as the only non-capital city to make the cut.

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The Gold Coast's Allure

So, what's behind this surge in international recognition? The Gold Coast has a lot to offer, and savvy investors from around the world are taking note.

World-Class Infrastructure: The city's modern infrastructure and amenities rival those of major global cities, making it an attractive destination for investors seeking convenience and luxury.

Perfect Climate: The Gold Coast's enviable climate, characterized by sunny days and mild winters, is a magnet for those looking for a year-round coastal paradise.

Coastal Lifestyle: With its pristine beaches and laid-back coastal lifestyle, the Gold Coast offers the perfect blend of urban living and beachside relaxation.

The Impact on Real Estate

As international interest in the Gold Coast surges, the city's luxury real estate market is reaping the rewards. The demand for premium properties is outstripping supply, leading to record-breaking prices in the city's most prestigious neighborhoods.

Surfers Paradise, an iconic Gold Coast suburb known for its high-rises and stunning beaches, recently claimed the title of the city's most expensive suburb. With a median price of $2,800,000, it overtook Mermaid Beach, which held the title previously.

One of the key drivers of this shift in rankings was the sale of a landmark Main River estate at 59 The Corso, Isle of Capri. Kollosche, a leading real estate agency, achieved a remarkable $24,000,000 for this property at auction, setting a new Queensland record.

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Beyond the Spotlight

While Surfers Paradise takes the limelight, the Gold Coast's allure extends to various neighborhoods. The elite TSS precinct of Southport saw a record-breaking sale of a waterfront estate at 5 McMillan Court, fetching $24,800,000 at auction.

Interest from international buyers has surged following these high-profile sales, with luxury homes in various Gold Coast locations attracting attention. From a Hamptons-style waterfront mansion in Southport to a Mediterranean-inspired residence in Broadbeach Waters, the Gold Coast's real estate market is vibrant and diverse.

A Bright Future

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The Gold Coast's journey onto the global property stage is just beginning. With a burgeoning population and strong demand for housing, coupled with limited supply, the city's property market is poised for continued growth in the coming years.

If you're considering selling your luxury home on the Gold Coast, now may be the perfect time to explore the opportunities presented by increased global demand. Reach out to a trusted real estate advisor, to navigate the exciting possibilities within this thriving market.

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