Gold Coast the most appealing interstate destination among NSW buyers

first_imgMORE NEWS: The suburbs where millionaires are being made Coolangatta was also among the top searched destinations among NSW residents. Realestate.com.au chief economist Nerida Conisbee said both states were home to people whom enjoyed spending time outdoors and were interested in health and fitness.“I think it’s the similar lifestyles (that’s attractive) but the Gold Coast offers greater affordability,” she said.“We think there’s a lot of young people looking to move there.“And it’s not just buyers, it’s also renters.”She said the city’s abundance of jobs was also appealing.“It’s one of those drivers of people searching, particularly for rentals.” “They feel that’s a very safe investment for their money over three-to-five years.”He said an unprecedented number of interstate investors had been looking for luxury beachfront property in the area in the past six months.“I’m seeing it in rates I’ve never seen it before,” he said.More from news02:37International architect Desmond Brooks selling luxury beach villa12 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days ago“Around 80 per cent of all my buyers in the last six months have been from Melbourne and Sydney.”Surfers Paradise and Burleigh Heads were also among the top searched suburbs in the ACT, SA, Tasmania, Victoria and WA. 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This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenWhy location is everything in real estate01:59 Top searches for people in QLD outside their state (suburbs, times searched) Top searches for people in NSW outside their state (suburbs, times searched) “It’s lifestyle and also, the median house price being significantly cheaper would be a big factor in moving.”Harcourts Coastal agent Tolemy Stevens said investors were also contributing to the figures.“There’s no doubt that the Gold Coast is, to some degree, defying the slow down Sydney and Melbourne are experiencing,” he said,“As a safer bet, we are now seeing a lot of those investors … come to the Gold Coast, in particular Surfers Paradise beachfront, to secure a holiday home or investment. Residents in NSW searched Surfers Paradise more than any other interstate destination in the year to January 31.THE Gold Coast’s world-renowned beaches, laid-back lifestyle and affordable housing are luring interstate residents south of the Queensland border.Latest realestate.com.au data shows the Glitter Strip is the most appealing interstate destination among New South Wales residents, based on almost 9 million searches in the past year.Most of the top 10 searches were Coast suburbs, headed by Surfers Paradise.Coolangatta, Broadbeach, Burleigh Heads, Southport, Palm Beach and Hope Island also made the list.In return, Queenslanders searched for property in NSW more than any other state (almost 4 million times), mostly just over the border. QLD — SURFERS PARADISE 90,222QLD — COOLANGATTA 69,801QLD — BROADBEACH 66,990QLD — BURLEIGH HEADS 62,648VIC — WODONGA 61,012QLD — SOUTHPORT 55,285QLD — PALM BEACH 53,433TAS — LAUNCESTON 43,420QLD — HOPE ISLAND 39,384VIC — WANGARATTA 38,898 Source: realestate.com.au Realestate.com.au chief economist Nerida Conisbee.REIQ Gold Coast zone chairmain Andrew Henderson said migration from NSW to Queensland was a “well-worn path”.“Migration has been pretty strong, it seems to be ever continuing from where I’m sitting,” he said.“There seems to be a big following of family and friends, potentially that might be adding to those really good numbers.MORE NEWS: Secret sale changes family’s life NSW — KINGSCLIFF 83,659NSW — TWEED HEADS 75,085NSW — MURWILLUMBAH 43,098NSW — BANORA POINT 42,660NSW — TENTERFIELD 34,037NSW — BYRON BAY 32,313NSW — KYOGLE 29,597NSW — POTTSVILLE 29,233TAS — LAUNCESTON 27,883NSW — CASUARINA 25,475 Source: realestate.com.aulast_img