From house and land to the very top end, Queensland's Gold Coast has secured an impressive sales run

From house and land to the very top end, Queensland's Gold Coast has secured an impressive sales run
From house and land to the very top end, Queensland's Gold Coast has secured an impressive sales run

The Commonwealth Games was brought to a close last weekend, and the Gold Coast property market has been buoyed by its host status. 

From house and land to the very top end, the Gold Coast has been securing an impressive sales run.

Ben Peasley, group marketing manager at Choice Homes, says the period prior to the games had seen strong market conditions over the past few months.

"The Games have coincided with our usual busy time of the year, so it was great news to see an even superior result than usual," Peasley noted this week.

"We achieved 22 sales this past week and similar numbers the week previous."

He said the most came from their developments in the far northern Gold Coast suburbs.

Choice Homes have two land developments, Camelot in Coomera (below), and Pimpama Village at Pimpama, which are both in close proximity to the Coomera Indoor Sports Centre that opened two years ago.

It hosted the gymnastics competition and netball finals.

There's also the Westfield Coomera Town Centre that opens in September.

From house and land to the very top end, Queensland's Gold Coast has secured an impressive sales run

Valuation firm Herron Todd White had houses in the Gold Coast and the Sunshine Coast as strong markets.

"The buzz around the Gold Coast has been contagious," Peasley said.

"A collective sense of pride and excitement, all the while watching the weather to ensure the 300 days of sunshine we enjoy each year would welcome The Games."

It is said the Games was the turning point for the Federal Government to provide much needed funding for the M1 widening and upgrades. It is an issue still being negotiated by the Queensland government.

A strong case has also been made for a stage 3 light rail after the success of stages 1 and 2. The line would run from Broadbeach to Burleigh Heads and possibly even further to a Coolangatta airport link up.

There have been a number of high profile sales in the last few days.

Ray White Broadbeach agent Sam Guo sold a French chateau style home for a Buccaneer Court street record at Surfers Paradise.

The waterfront home scored just under $6 million.

Guo hinted the Games have certainly helped. 

“There is no doubt that the eyes of the world has been on the Gold Coast lately and people are loving everything that our lifestyle and market has on offer," he said. 

“The Gold Coast has well and truly come of age and it’s great to see such confidence in the luxury market.”

At Sanctuary Cove a home on the exclusive Arnold Palmer Drive sold for a golf course record $6.5 million.

Joel Robinson

Joel Robinson

Joel Robinson is a property journalist based in Sydney. Joel has been writing about the residential real estate market for the last five years, specializing in market trends and the economics and finance behind buying and selling real estate.

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Gold Coast Choice Homes

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