Friday, March 6, 2009

Coastal Apartment or Working Class House?

"There are few more iconic sea-change destinations than the Gold Coast, which has earned a reputation as the king of population growth in Australia.

But it's a long way short of being the king of capital growth.

Capital growth on the Gold Coast over the past five years has been half that achieved next door in downmarket Logan City, according to Real Estate Institute of Queensland figures.

The Moreton Bay region, a municipality that encompasses cheap mortgage-belt suburbs in Brisbane's north, has achieved considerably higher capital growth than the Sunshine Coast next door.

Within the Sunshine Coast municipality, the market leaders on capital growth are the railway towns in the hinterland (such as Beerwah and Landsborough), not the sexy coastal locations Noosa and Mooloolaba."

See Terry Ryder

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