Gold Coast prices drive buyers South

The Gold Coast’s booming property market is now driving sales in northern New South Wales, according to property valuer Herron Todd White.

In its latest property report, HTW reports buyers are opting to look across the border for more affordable options where their money goes further.

Image courtesy of htw.com.au

“The northern New South Wales region offers a similar coastal lifestyle to the southern Gold Coast suburbs, but at a more accessible price point,’’ the report says.

“Properties in areas such as Tweed Heads, Kingscliff and Casuarina are proving to be popular among those looking to stretch their budget while still enjoying proximity to local amenities and living the beach lifestyle.

“With more affordable house prices and a relaxed coastal lifestyle, these suburbs offer a compelling alternative to the high-end southern Gold Coast suburbs.

“As more buyers discover the value and appeal of this area, it is clear that the northern New South Wales region is on the rise as a sought-after destination for those looking to live the high life without the high price tag.”

Meanwhile, the central Gold Coast market remains firm, while the northern suburbs are experiencing a property value boom that has accelerated over the past three years.

“Generally speaking, in all suburbs, anything priced under say $950,000 will usually sell very quickly, with multiple offers and final sale prices often above expectations,’’ HTW said.

“Agents report that buyers are often desperate to secure a property and are extremely competitive.

“ A Pimpama property sold for $749,500 in March 2024 with 44 offers, as reported by a reliable sales agent.

“ Above $950,000 the market is still strong, however, sales volumes are far lower and buyers are far less frenzied.”