GREAT YEAR FOR BROADBEACH ON THE GOLD COAST!

As recently reported in the Gold Coast Bulletin, apartments in Broadbeach, the popular Gold Coast suburb have earned trophy status by outperforming markets across Australia.

Broadbeach’s median apartment price growth in the past five years to March trumped every capital city except Hobart, independent market analyst Urbis found.

The bustling beachside location notched 5.4 per cent growth per annum to land it a $579,000 median apartment price, according to Urbis’ figures. A bumper year of new apartment sales in 2018 with 236 pads changing hands, was credited to the gains.

Urbis director Matthew Schneider said Broadbeach was “in its prime” being at the heart of the Coast and with $9.7 billion in infrastructure projects planned, underway or recently completed. The Star Gold Coast recently fast-tracked the launch of its second residential and hotel tower in order to keep up with demand for Broadbeach units after the popularity of its first tower.

“The first residential tower, The Star Residences Gold Coast, saw a 92 per cent sell out across the 423 apartments within 19 months,” The Star Entertainment Group managing director and CEO Matt Bekier said.

The Star Residences by Far East Consortium is now On Display in the NPI Property Sales Gallery, Delhi.