Why Australia's Gold Coast property is attracting investors worldwide

Posted by Simon Dehne on May 9, 2016 in Latest News with No Comments

Australian MoneyWhen Australia’s Gold Coast was voted one of the top three places in the world to buy a second home in by the well-respected Knight Frank annual global The Wealth Report 2016, many onlookers were amazed. How could that strip of ritz and glitz along 57 kilometres of Queensland coastline possibly be in the same international league as perennial favourites the Cote d’Azur in the south of France, and Spain’s Ibiza?

But those in close touch with the property market there weren’t in the least perplexed.

Knight Frank director of residential research Australia Michelle Ciesielski points to the the arrival of the Commonwealth Games in 2018 as having kick-started investment there, together with the new light rail system and a planned $200 million airport expansion, low prices compared with Sydney and Melbourne, and strong population and tourism growth.

Read more.

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