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One of Australia’s most popular property investment markets is showing glimmers of resurgence on the back of increased sales.
Like many coastal hot spots the Gold Coast market was hit hard by the GFC, resulting in a huge drop in property values and many forced sales.
New figures released by RP Data today, reveal the housing market is making a comeback. House values have risen by 4.8 percent in the past year although unit values have dropped marginally by 0.7 percent.
Lend Lease have received the go ahead to construct 1400 apartments across seven towers which will form part of its $2.5 billion re-development of Darling Harbour.
Darling Square, the new urban neighbourhood at the southern end of the precinct will house approximately 2,000 people along with student accommodation housing around 1,000 students, 2,000sqm of community space, 7,000sqm of retail and 15,000sqm of commercial space.
