Interstate migration will keep the Gold Coast property market afloat, according to a leading real estate expert. INTERSTATE migration will keep the Gold Coast property market afloat while other areas across the country, including Melbourne and Sydney, are in decline. REIQ Gold Coast zone chairman Andrew Henderson said people would continue to move to the Glitter Strip as long as it was affordable and offered a good lifestyle, jobs and quality amenities. “We’re still seeing reasonably good numbers of people moving to the Gold Coast,” he said. “Our strength in a lot of our sales is the owner-occupier side … and it has been for a number of years now. Herron Todd White’s latest month in review report shows the Gold Coast market is softening. “We’re an attraction city at this point in time, I see that as a positive going forward.” His comments followed the release of leading property...

Investment activity in the Gold Coast office market was subdued in 2018 with few assets on offer, although Knight Frank expects the tide to change this year with around $90 million in assets hitting the market in 2019's first quarter. The office investment market on the Gold Coast, Australia’s sixth largest city, has traditionally been dominated by private investors and syndicators given the relatively smaller investment scale. But as confidence builds with a higher level of tenant demand and the depth of the market, Knight Frank’s Mark Witheriff says the region is “likely to appear on the radar for a greater swathe of investors”. Sustained population growth is forecast to average two per cent per annum over the 25 year period from 2016 to 2041, with the majority of growth to come from both internal and overseas migration attracted to lifestyle and educational opportunities, according to Knight Frank's Gold Coast...

Deep-pocketed buyers on the hunt for prestigious real estate in Melbourne could splash $2 million on a family home in Brighton — or they could sign the deed to a one-bedroom inner-city flat for around the same price. Melbourne’s most expensive one-bedroom apartment has hit the market, set to clock a price record if it sells near its guide of $1.8 million. But for anyone shocked by such a pricetag hanging from a one-bedroom flat, it is worth noting the listing follows a Sydney one-bedder with just a sliding door to the bedroom – essentially a studio apartment – that was recently asking $2.1 million north of the border. The one bedroom in what could be Melbourne's most expensive one-bedroom flat. Photo: Caine Real Estate Found in East Melbourne’s exclusive “tower of power”, the 104-square metre one-bedder faces the historic Fitzroy Gardens. Agent Paul Caineof Caine Real Estate compared the listing to that of an...