Long known for being the ultimate tourism destination in Queensland, the Gold Coast is now gaining even more popularity also as a prime choice for buying a home. This city on the beach has seen an impressive growth in its housing market, and town planning Gold Coast experts have become more in demand.
Its coast, theme parks, sports and recreational facilities, and sun-blessed weather have undoubtedly been a huge draw. But potential homeowners and real estate investors naturally want to look beyond the tourist attractions, and the Gold Coast has plenty of additional features for the residential market.
With more town planning Gold Coast projects underway and more people moving into this city, the number of residents has obviously increased as well. In fact, an article on mwc.group.com.au reported that Bernard Salt, who is a leading demographer, predicts that the Gold Coast will have a population of 1.2 million by the year 2050.
This growth will have a domino effect and push the demand for more housing, increase opportunities for employment, and raise the standard of living. Learn more about Grummitt Planning
Booming demand for housing
Town planning Gold Coast specialists have heard the demand of potential homeowners to provide more residential options. Reports show that in the past 5 years, there has been an estimated 23% and 34% increase in apartments and houses respectively within the city.
There is also a rise in interest for duplex units according to an article in realestate.com.au. This is mainly because there have been changes to Gold Coast town planning density restrictions. In addition, duplexes provide more housing units while using less land.
Thanks to a booming real estate market, reports show that the city’s December 2017 median house values rose by 7.6 percent.
Increasing number of multi-purpose lifestyle hubs
A growing trend gaining more attention from urban development planners is how more people are seeking to live healthier and to have better life balance. But at the same time, they are also looking for more ways to interconnect family, work, study, and play more seamlessly. And thus came the rise of multi-purpose lifestyle hubs.