EXPERT SAYS GOLD COAST PROPERTY BOOM HAS BEGUN

EXPERT SAYS GOLD COAST PROPERTY BOOM HAS BEGUN

THE average Gold Coast house price rose by 8 per cent in the six months to June 30, 2013, according to property guru Bill Morris.

Over 2297 sales, the average price rose from $515,949 to $557,229. The number of sales also increased by 41 per cent compared to the six months prior.

The official statistics were supplied by the Titles office and analysed by Morris, author of the Midwood Report.

He says they confirm opinion that the Gold Coast property boom has well and truly begun.

“No one should have any doubt that we are now in a property boom,” says Morris.

Morris predicts that average house prices will improve by a further 10 per cent in the six months to December, exceeding price levels seen prior to the Global Financial Crisis.

He says his confidence was aroused when he noticed that vacant land sales in the June 2013 quarter increased by 55 per cent compared to the March 2013 quarter.

Help us deliver quality journalism to you.
As a free and independent news site providing daily updates
during a period of unprecedented challenges for businesses everywhere
we call on your support

How communications technology can raise the bar on customer service, employee experience
Partner Content
From capturing feedback early to providing messages with a higher rate of cut-through, ...
Advertisement

Related Stories

Gold Coast’s Stacked Farm to take vertical growing project national with $56m raise

Gold Coast’s Stacked Farm to take vertical growing project national with $56m raise

Stacked Farm is looking to expand its automated vertical farming mo...

QLD to launch Star Entertainment review in July as former judge appointed to probe casino operator

QLD to launch Star Entertainment review in July as former judge appointed to probe casino operator

Casino operations that account for more than half of The Star Enter...

Origin slapped with $17m fine for failing to protect vulnerable customers

Origin slapped with $17m fine for failing to protect vulnerable customers

Australian energy giant Origin Energy (ASX: ORG) has today been ord...

Salad chain FISHBOWL swims upstream with new stores in Brisbane, Gold Coast

Salad chain FISHBOWL swims upstream with new stores in Brisbane, Gold Coast

A Japanese-inspired salad bar from Bondi with "No More Fast Fo...