Gold Coast Property Market in for a Squeeze
Real estate information service provider RP Data, recently released a report that indicates a property squeeze in Gold Coast for those on a tight budget. Local governments are currently looking to high-density housing to meet the area’s growing housing need.
The data shows that Gold Coast region is among the most expensive real estate in Australia outside of the capital cities. The top seven out of the 10 most expensive regional suburbs include those in the Gold Coast region.
The data lists Surfers Paradise ($1.284 million), Mermaid Beach ($1.1 million), Paradise Point ($877,500), Bundall, ($862,000) and Clear Island Waters ($843,750) as the most expensive regional suburbs in Australia based on median house prices.
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