Beachside boom to push housing costs higher than Brisbane

Beachside boom to push housing costs higher than Brisbane

Sunshine Coast Property, Gold Coast Property

25/10/2021 6:51:00 AM

Beachside boom to push housing costs higher than Brisbane

Lockdown-fatigued buyers wanting to escape the city are pushing up house prices on the Sunshine and Gold coasts, now forecast to overtake Brisbane prices within three years.

The demand for homes is being driven by interstate arrivals fatigued by long lockdowns and COVID restrictionsFor Queensland, which largely skipped the lockdown lethargy forced on Victoria and New South Wales, it meant a rush of interstate arrivals.Melbourne Airport was quiet during lockdowns, but Victorians are still buying houses on the Sunshine and Gold coasts "virtually".

)It also found that the flow of interstate arrivals would help the Queensland capital "prevent a sharp slowdown in momentum" before 2024.The Gold Coast's median house price was forecast to rise from $815,000 to $915,000 three years later.

Read more: ABC News »

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