Marella by Mosaic
Surf Parade, BroadbeachView
With the highest employment-to-population ratio outside our capital cities, the Gold Coast is attracting a growing number of Sydney, Melbourne and overseas residents enticed by the opportunities, lifestyle and affordability on offer. A trend for high-quality luxury apartments has created high demand and low supply resulting in an extremely tight rental market and a vacancy rate of just 0.6%.
The Gold Coast now acts much like a major capital city while offering considerably better affordability, demonstrating significantly stronger market fundamentals and providing greater investment returns.
The Gold Coast is the 6th largest significant urban area in Australia. Recent Gold Coast 10-year population growth of 21% has surpassed that of all capital cities by a notable margin.
The region boasts an economy worth $41 billion, having grown by around 40% in the past decade. (Source: .ID Community)
A strong pipeline of infrastructure investment in excess of $25 billion including major transport, healthcare and entertainment precincts.
In recent times, the Gold Coast economy has been generating more than 13,000 new jobs per annum on average. (Source: ABS)
As desirability and demand for Gold Coast property has risen, local house prices have been closing the gap with east coast capital cities. The median Gold Coast house price of just over $1 Million has now surpassed that of Brisbane and Melbourne, but for the time being remains relatively affordable compared to Sydney at $1.34 Million.
Gold Coast rental vacancy rates have been indicative of tight and undersupplied market for an extended period of time. Having averaged 1.2% over the previous three years, Gold Coast vacancy rates have been less than half those recorded in Sydney and Melbourne which averaged 2.5% and 2.8% respectively. (Source: SQM Research)
Tight rental market conditions have resulted in an incredible 19% average annual rental growth across the Gold Coast during the past three years. (Source: SQM Research)
Gold Coast apartment rental yields have averaged 5.3% during the previous three year, significantly higher than those achieved in Sydney and Melbourne, which both averaged 3.7% over the same period. (Source: SQM Research)
Sustained growth across the previous 10 years has seen the Gold Coast median apartment price rise at an average of 8.2% per annum. (Source: Pricefinder)
Renowned for some of the most spectacular, iconic beaches and surf breaks in the world
Impressive range of luxury shopping, fine dining, entertainment and leisure offerings
Major theme parks including Dreamworld, Sea World, Movie World, Wet ‘n’ Wild
Major events including Quicksilver and Roxy Pro surf competitions, GC 600 v8 Supercar Championships and the Australian PGA Golf Championship
260km of accessible waterways offer activities including fishing, swimming, water skiing and kayaking
Walking trails, lookouts, waterfalls, swimming holes, wineries and cafes throughout the 1,000km² of World-Heritage listed rainforest and hinterland areas