EXPERT SAYS GOLD COAST PROPERTY BOOM HAS BEGUN

Written on the 14 August 2013

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.


Latest News

IN-STORE VETS BOOST GREENCROSS' PROFIT

GREENCROSS Limited (ASX: GXL) shares lifted 5 per cent in trading today after the Brisbane-based company posted a ...

AUSTRALIA READY TO DISRUPT GLOBAL CARBON FIBRE MANUFACTURING

AUSTRALIA for the first time has the capacity to produce carbon fibre from scratch and at scale, following the launch...

HONG KONG FUND INVESTS $212.8 MILLION IN G8 EDUCATION

G8 EDUCATION (ASX: GEM) has secured $212.8 million from Hong Kong-based CFCG Investment Partners to pay down debt and...

MERGER DELIVERS THE FINANCIAL GOODS FOR TERRY WHITE

TERRY White Group has posted a solid half-year net profit of $1.3 million amid a period of major transformation fo...

Related News

WHY EMPLOYEE-OWNED COMPANIES ARE BEATING ASX200 SHARE PRICES

EMPLOYEE-owned companies command a higher share price than their publicly listed peers, reaping a 17 per cent prem...

RISE OF THE MACHINES HAS WORKERS SWEATING

UP TO 3.8 million Australian workers are fearful their job may soon be terminated by a robot, a new survey has shown....

LESS TALK, MORE SMALL BUSINESS ACTION IN 2017

THE future growth and prosperity of Australian SMEs could be undermined if governments lose sight of the sector...

TEST DRIVE A POST GRAD AT BOND

THERE'S only one way to really move your career into the fast lane, says Bond University, and 'test driving...

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter