📉 Gold Coast property prices start sliding
Volume 168: Nerang office site eyed for housing | Scientists say they've discovered real-life zombies | Smoke alert for Moogerah Peaks | The Microsoft and OpenAI break-up and heaps more
G’day, GC, and welcome back. It’s June 4.
In today's newsletter
One Big Thing: Gold Coast property prices start sliding
Ozcare plans major expansion of: Labrador retirement village
Easter rush sends: Gold Coast Airport to new April high
Around The Web: Farmers wary of dry El Nino in the coming months, Real-life zombies from sea cucumbers, Smoke alert for Moogerah Peaks and more
Trending: New GC attraction?
Upcoming Events
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Live housing price index
1. Gold Coast property prices start sliding
By Marshall Hall
What’s Happening: Gold Coast property prices have joined the downward national slide.
Why It Matters: SQM Research Managing Director Louis Christopher said May’s data pointed to a national market losing momentum.
“National listings recorded their strongest monthly rise in some time and have moved back into positive annual territory for the first time in over a year,’’ Mr Christopher said.
By The Numbers:
According to the latest figures from independent investment research house SQM Research, the Gold Coast’s median asking price has fallen 2.2 per cent to $1.466 million in the past three months
The worst-hit area is the city’s northern suburbs, where median prices have slumped 14 per cent to $1.505 million. The median value of units in the northern suburbs has also fallen 3.6 per cent.
In contrast, the median asking price in the city’s central suburbs has slipped only 1.7 per cent to $1.9 million, while units fell 3.7 per cent to just over $1 million.
Local Impact: Mr Christopher said the number of distressed listings was also increasing in Queensland.
“Distressed listings jumped 5.1per cent over the month, led by Western Australia, South Australia and Queensland, all up around 9 per cent,’’ he said.
“The annual figure is still negative, but year-on-year comparisons lag - the monthly trend is what matters here, and it is rising.
“The ACT is already 38per cent above where it was a year ago. We are watching this closely as an early indicator of mortgage stress.”
What To Look For Next: Read more in the full article 👇🏼
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3. Easter rush sends Gold Coast Airport to new April high
What’s Happening: Gold Coast Airport has recorded its busiest April in history, driven by Easter travel and school holiday demand.
Queensland Airports Limited said the strong month was helped by new routes, added seat capacity and stronger travel demand.
Why It Matters: The record result shows continued strength in the Gold Coast travel market. It also points to strong demand during key holiday periods, especially when Queensland and New South Wales school breaks align.
By The Numbers:
Gold Coast Airport recorded 570,703 passengers in April, making it the airport’s busiest April on record.
The April result was 41,606 passengers, higher than the same month last year.
The busiest day was 19 April, when more than 22,400 passengers moved through the terminal.
What To Look For Next: Gold Coast Airport will add two more international routes in June.
4. Around the web
Rainfall aids Australia’s wheat crop: But dry forecasts loom
Scientists say they’ve discovered: ‘Little Lab Zombies’ from sea cucumbers’ tissue
Mathematicians puzzled over a: famous problem for 80 years. Now, they’ve used AI to identify a clever solution
Microsoft and OpenAI broke up: Now they’re ready to fight
Amazon will show AI product images: When you search for some reason
5. Trending
Recent newsletters
Last week’s top-clicked link was 👇🏼
Weekly dream gig
This week - Energy Solution Centre is recruiting a Qualified Solar Electrician, delivering premium residential and commercial solar and battery installations across the Gold Coast.
This full-time role offers $120,000-$180,000+ OTE plus bonuses and a $5,000 sign-on incentive, with benefits including a company vehicle and fuel, structured installer bonuses, exposure to advanced solar and battery technologies, strong career progression pathways, and a supportive team culture focused on quality workmanship.
6. Upcoming events
🎸 Cooly Rocks On: Wed 3 Jun-Sun 7 Jun; motors, music, pin-up fun, retro markets and rock ‘n’ roll across Coolangatta.
🥋 Judo Australia National Championships: Fri 5 Jun-Sun 7 Jun; national judo competition at Gold Coast Sports and Leisure Centre, 296 Nerang Broadbeach Rd, Carrara.
♿ Gold Coast Disability Expo: Fri 5 Jun-Sat 6 Jun, 9 am-3 pm; free expo at Coomera Indoor Sports Centre, 35 Beattie Rd, Coomera, linking people with disability, families, carers and providers.
🏆 Australian Open Bowls: Fri 5 Jun-Thu 11 Jun, 9 am-5 pm daily; free bowls action across Gold Coast host clubs, including Broadbeach Bowls Club, 169 Surf Parade, Broadbeach.
🎤 Anisa Nandaula: No Small Talk: Fri 5 Jun, 6:30 pm; sharp comedy show at HOTA, 135 Bundall Rd, Surfers Paradise.
🎶 Dragon: Fri 5 Jun, 7 pm; live rock show at Coolangatta Hotel, Marine Parade, Coolangatta.
🎸 40 FINGERS - Live in Australia for the First Time: Fri 5 Jun, 7:30 pm; acoustic guitar quartet performance at HOTA, 135 Bundall Rd, Surfers Paradise.
🛍️ Burleigh Market: Sat 6 Jun, 7 am-12 pm; fresh produce, flowers, plants, food, coffee, arts and crafts at Burleigh Heads State School.
🏉 Gold Coast SUNS v Brisbane Lions: Sat 6 Jun, 5:15 pm; QClash match at People First Stadium, Nerang Broadbeach Rd, Carrara.
🎵 Songs From 1975: Sat 6 Jun, 7:30 pm; The Honey Sliders perform classics from 1975 at HOTA, 135 Bundall Rd, Surfers Paradise.
🖼️ Loving: Photographs of Men in Love 1850s-1950s: Sat 6 Jun-Sun 19 Jul, 10 am-4 pm daily; free exhibition at HOTA, 135 Bundall Rd, Surfers Paradise.
🎺 Sunday Sounds: Sun 7 Jun, 1-4 pm; free live music with Issi Dye’s Rock & Roll Revival at Paradise Point Parklands, The Esplanade, Paradise Point.
🐨 KOAL: Thu 11 Jun, 10:30 am and 7 pm; interactive one-woman theatre show at HOTA, 135 Bundall Rd, Surfers Paradise.