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Move to Gold Coast: Real Estate Property Guide For Gold Coast 2016
May 11, 2016
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If you are planning to move to Gold Coast because of its enticing surf and sunshine, it is essential that you do your research first before buying a property there to see if the place really suits your personality, lifestyle and budget. Wanting to sail a boat every weekend or any lazy afternoon won’t be a good enough reason for you to purchase a house there. Buying a house in Gold Coast is a huge investment compared to some other areas in Queensland, and the types of houses in Gold Coast may not suit the lifestyle of typical families.

The 2016 Real Estate Property Guide for Gold Coast

Gold Coast is the second most populated city in Queensland and the sixth most populated urban area in the country. It is a coastal city located in South East Queensland on the east coast of Australia. In the late 1920s, the region grew notably after the establishment of the Surfers Paradise hotel. It was the leading tourist destination around 1980s. And in 1994, the city’s local government area expanded to surround majority of Gold Coast’s metropolitan area, becoming the second most populated local government area in the country after Brisbane.

With its stunning beaches paired with a sunny, subtropical climate, high-rise dominated skylines, nightlife, theme parks, canal and waterway systems, and rainforest hinterland, Gold Coast remains a major tourist destination until now. It has an almost 10 million visitors a year, making tourism fundamental to the Gold Coast’s economy.

 

Entertainment Centers

Aside from its beaches flocking with tourists every day, Gold Coast also boasts of its huge entertainment and leisure centers scattered all over the city. The Robina Town Centre located in Robina is the largest shopping center of the Gold Coast, and the Pacific Fair Shopping Centre located in Broadbeach Waters is one of the largest regional shopping centers in Queensland.

 

Robina Town Centre
source: about-australia

 

Gold Coast City is also the major film production center in Queensland with 75% of all film productions in Queensland since 1990s, and the third largest in Australia behind Melbourne and Sydney. These production studios include Dreamworld Studios and Warner Bros. Movie World.

 

Dreamworld Theme Park
Source: dreamworld

Dreamworld is the Gold Coast’s most famous theme park, and the largest theme park in the country.

 

Movie World
Source: wikipedia

Commonly known simply as Movie World, is a popular and one only movie related theme park on the Gold Coast, Queensland.

Tourist Attractions

Besides from the famous Surfers Paradise, which brings in huge number of tourists every year, some of the city’s tourist attractions also include Sea World, Wet’ n’ Wild, WhiteWater World, Australian Outback Spectacular,  David Fleay Wildlife Park, Currumbin Wildlife Sanctuary, Lamington National park, and Paradise Country.

IMG_5127
source: wikipedia

 Battle Boats at Castaway Bay in Sea World

Wet' n' Wild water park
source: expedia

Wet’ n’ Wild water park located in Oxenford, Gold Coast

Education/ Hospital Infrastructures

Gold Coast also have two major campuses, the renowned Bond University located in Robina, and Griffith University situated in Southport. With its mixture of public and private hospitals, Gold Coast is also well catered for its health care. Private hospitals include Pindara Hospital at Benowa and Allamanda Private Hospital at Southport. While the Gold Coast University Hospital, the main hospital in the region, and Robina Hospital located within Robina, make up the city’s public hospitals.

 

Bond University front
source: wikipedia

Bond University in Robina, Gold Coast

gold coast university hospital
Source: hassellstudio

Gold Coast University Hospital located at Nerang Street, Southport

Gold Coast City Median House Sale Price

Gold Coast City recorded one of the highest increase in the quarterly median price growth of all the major centers in Queensland, according to the quarter issue of Queensland Market Monitor by REIQ last September.

Growth in employment opportunities has lead the City of Gold Coast to a continued solid growth in sales across residential property markets. This employment growth came from residential developments and infrastructure that provided more jobs in the construction industry and tourism, in turn creating a flood of new residents in the area looking for properties to purchase.

In the next couple of years, a few of Gold Coast suburbs are headed to break the million-dollar barrier, as a stream of southern investors drive up housing demands.

The Gold Coast house market was up to 6 percent over the quarter, and 14 percent over the year to September. While the quarterly median house sale price was up to 3.8 percent and up to 7 percent for the year.

 

Demographics

In the 2011 Census, the City of Gold Coast’s population is 494, 496. It is comprised of approximately 48.9% males and 51.1% females.

However, in 2015, the City of Gold Coast’s estimated population is 555,608.

Estimated Resident Population (ERP)

 

Estimated Resident Population (ERP)
Gold Coast City
Year (ending June 30) Number Change in number Change in percent
2005 436,671
2006 450,075 +13,404 +3.07
2007 466,940 +16,865 +3.75
2008 481,569 +14,629 +3.13
2009 495,835 +14,266 +2.96
2010 506,135 +10,300 +2.08
2011 515,202 +9,067 +1.79
2012 526,816 +11,614 +2.25
2013 537,216 +10,400 +1.97
2014 545,851 +8,635 +1.61
2015 555,608 +9,757 +1.79

Source: Australian Bureau of Statistics, Regional Population Growth, Australia

 

Education

In 2011, an analysis of the population’s qualifications in Gold Coast city in comparison to Greater Brisbane showed that a lower percentage of the population have formal qualifications (Bachelor or higher degree; Advanced Diploma or Diploma; or Vocational qualifications), and a similar percentage of the population have no formal qualifications.

An overall 43.8% of the population aged 15 and up had educational qualifications, and 43.7% had no qualifications.

48% of people aged 15 and up had completed Year 12 schooling. A higher percentage of the population had left school at an early level (Year 10 or less) and a lower percentage of the population had completed Year 12 or equivalent.

Highest Level Of Secondary Schooling Completed
Gold Coast City                 2011 2006 Change
Level of schooling Number % Greater Brisbane % Number % Greater Brisbane % 2006 to 2011
Year 8 or below 14,886 3.7 5.2 16,522 4.7 6.5 -1,636
Year 9 or equivalent 21,205 5.3 4.5 20,821 5.9 5.1 +384
Year 10 or equivalent 96,809 24.0 21.8 92,514 26.1 24.3 +4,295
Year 11 or equivalent 37,930 9.4 7.5 33,380 9.4 7.6 +4,550
Year 12 or equivalent 192,385 47.8 52.8 148,089 41.8 47.0 +44,296
Did not go to school 1,180 0.3 0.5 1,045 0.3 0.5 +135
Not stated 38,364 9.5 7.5 41,939 11.8 9.0 -3,575
Total persons aged 15+ 402,759 100.0 100.0 354,310 100.0 100.0 +48,449

Source: Australian Bureau of Statistics, Census of Population and Housing 2006 and 2011

 

Crime Rate

Crime Rates on the Gold Coast have increased within the past year, offences against other people clambered up, with assaults going up to 4%, robbery offences has decreased by 27.3% and kidnapping/abduction offences decreasing by 10.2%

Although in other areas on the Gold Coast, break-ins across the district has dropped.

 

Market Rate

The Gold Coast’s economy, with its ongoing wave of investments in residential and tourism related products, together with the construction works needed for the Commonwealth Games this 2018, is continuously increasing. For this year, SQM is expecting a rise between 7 and 11 percent in property prices.

The city’s largest source market of international visitors is China, with an increase of 30%. Another standout was the Singapore market, growing up to 80% to 44,000 visitors.