The North is heating up!
The northern end of the Gold Coast is heating up!
The Real Estate Institute of Queensland has just released a report into the Gold Coast real estate market and suburbs in the northern end of town are experiencing wonderful growth. On top of the list is the envy suburb of Hope Island, which tracked quarter on quarter median price growth of 43.4 per cent.
Where else is booming? Ormeau! Which is one of our most sought after areas for First Home Buyers. Ormeau has increased by 14% but remains affordable for first time buyers - for now.
REIQ Gold Coast Zone Chair Andrew Henderson said the northern corridor is becoming one of the most sought after areas in the city.
“The northern growth corridor offers apple opportunity for modern and new homes on an owned block of land – the quintessential Australian dream,” Mr Henderson said.
“Northern Gold Coast also offers more opportunity for buyers to own their own piece of land, as this area generally offers lower density housing.
“Buyers can still live on the Gold Coast today for the lifestyle, but with good access to Brisbane and major infrastructure. In Ormeau, new housing developments and a convenient location contributed to its growth.”
If you’re interested in owning your own home in 2020, now is the time to speak to one of our consultants.