Our current newsletter, Winners and Losers in the Residential Market, builds on our June 2020 newsletter, Seeking to Look Beyond COVID-19. Since June, more detailed information has become available on Australia's population forecasts and housing market outlook. While metropolitan inner city areas, historically dependent upon international students, are among the losers, regional areas, such as the Gold Coast, are likely to be among the winners in the post-pandemic world. Unlike southern state metropolitan areas, the Gold Coast residential market is showing some resilience, notably in the $1 million plus market. The newsletter provides an analysis of Gold Coast $1 million sales from July 2019 to date.

Opportunities to own a beachfront house (or one in close proximity to the beach) are rare in the southern Gold Coast, especially at Coolangatta. One developer who has addressed this scarcity is Sherpa Property Group, for example with its four houses at 237 Golden Four Drive, Bilinga. A much larger project of 16 detached freehold houses is being marketed within 100 metres of Greenmount Beach. Located opposite the Jack Evans Boat Harbour, Freedom Rainbow Bay has been marketed since mid-2020, at prices from around $1.4 to $2.1 million. Only a handful remain for sale. See image.

We welcome feedback - please email me at colleen@colleencoyne.com.au