The Coast suburbs that defied the nationwide property downturn

first_img Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:27Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:27 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenWhy Spring 2019 is a good time to sell01:27 (Suburb, change, median house price)1. Kingscliff — up 16 per cent to $1,067,5002. Paradise Point — up 13 per cent to $1,146,2503. Clear Island Waters — up 11 per cent to $1.15 million4. Surfers Paradise — up 10 per cent to $1,601,5005. Jacobs Well — up 10 per cent to $555,000 (Source: MORE NEWS: Two regal residences set to face the auction block If you own property in one of these five suburbs, you’re in a great position.THE dust from the property downturn has settled with five Gold Coast and northern NSW suburbs emerging from the rubble relatively unscathed.Latest data shows Kingscliff, Paradise Point, Clear Island Waters, Surfers Paradise and Jacobs Well defied the odds by recording double-digit growth in the year to August 31.Kingscliff was the star performer with its median house price jumping 16 per cent to $1,067,500. Kingscliff is known for its pricey mega-mansions. MORE NEWS: Impressive price for rare property package Paradise Point followed closely behind, increasing 13 per cent, then Clear Island Waters (11 per cent), Surfers Paradise and Jacobs Well (both 10 per cent).Chief economist Nerida Conisbee said affordability was responsible for the growth.“What seems to be happening in northern NSW and the Gold Coast is we’re getting a lot of search activity out of Sydney,” she said.“There are lots of Sydney (residents) going up there and pushing prices up in some cases. “I think the Gold Coast is in for a bit of a prolonged boom in pricing. SUBURBS THAT DEFIED THE DOWNTURN “Now is a good time to buy in terms of interest rates being low and getting finance is easier.”LJ Hooker Kingscliff agent Nick Witheriff said the northern NSW region’s recent infrastructure and amenity improvements, easy access to the Gold Coast and Byron Bay and affordability made it an attractive area to buy.“They’re actually appreciating what we’ve always loved,” he said.More from news02:37International architect Desmond Brooks selling luxury beach villa10 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day ago“It’s a fraction of the price of Sydney and Melbourne and, sometimes, the Gold Coast.”last_img read more