MONTH IN REVIEW SEPTEMBER 2024 4th October 2024 The Gold Coast property market has seen notable shifts in 2024, characterized by rising land values, escalating construction costs, and constrained supply. On the industrial side, freestanding properties have become scarce and increasingly expensive, pushing many buyers towards strata-titled industrial units as entry-level investments. In the residential sector, the undersupply of vacant land, driven by population growth and development demand, has led to significant price hikes, particularly in central and northern suburbs. Both markets show robust demand but face pressures that could shape future opportunities for developers and investors. Read More

The Impact of Tourism on the Gold Coast Real Estate Market 25th September 2024 Tourism plays a pivotal role in shaping the Gold Coast real estate market, driving demand for short-term rental properties and influencing property prices in key tourist areas. With millions of visitors flocking to the region each year, investors are capitalizing on the booming rental market, particularly in hotspots like Surfers Paradise, Broadbeach, and Burleigh Heads. As a result, property prices have surged, with the Gold Coast experiencing a 14% rise in median house prices over the past year. This tourism-driven demand creates diverse investment opportunities, from luxury high-rise apartments to mixed-use developments, solidifying the Gold Coast as a premier destination for real estate investment. Read More

Why Gold Coast Canal Homes Are in High Demand 6th September 2024 Gold Coast canal homes are highly sought after for their luxury and unique lifestyle appeal. Offering private marinas, direct water access, and serene coastal views, these properties provide a tranquil escape. Located in exclusive areas like Mermaid Waters and Sanctuary Cove, they offer convenience to top schools and essential amenities. With rising demand from local and international buyers, canal homes remain a prime investment for those seeking luxury, lifestyle, and long-term value. Now is the perfect time to invest in this waterfront paradise. Read More

MONTH IN REVIEW JULY 2024 6th September 2024 Interest rates have played a pivotal role in shaping the property market this year. Initially, there was hope for a rate cut by mid-2024, sparking optimism and increased activity. However, persistent inflation has delayed these expectations, with experts now forecasting that a rate reduction may not occur until 2025, and some even predicting a potential hike. This uncertainty has stabilized markets like Brisbane, which have seen slower growth heading into winter.Interest rates have played a pivotal role in shaping the property market this year. Initially, there was hope for a rate cut by mid-2024, sparking optimism and increased activity. However, persistent inflation has delayed these expectations, with experts now forecasting that a rate reduction may not occur until 2025, and some even predicting a potential hike. This uncertainty has stabilized markets like Brisbane, which have seen slower growth heading into winter. Read More

Eco-Friendly Homes and Green Design Trends on the Gold Coast 22nd August 2024 The Gold Coast is embracing sustainable living, with eco-friendly homes becoming increasingly popular. These properties blend luxury with sustainability, featuring energy-efficient appliances, solar panels, water-saving fixtures, and smart home technology. As environmental awareness rises, so does the demand for green homes, offering long-term savings, better indoor air quality, and strong resale value. Sustainable living on the Gold Coast isn't just a trend—it's the future of luxury real estate. Read More

Month In Review June 2024 22nd July 2024 Lucy Cole Prestige Properties: Month in Review - June 2024 The Gold Coast real estate market has shown notable resilience and growth over the past month. Read More

Marina Mirage Set for $500M Transformation 5th July 2024 The iconic Marina Mirage shopping centre on the Gold Coast is set for a remarkable $500 million upgrade. This significant investment aims to elevate the luxurious shopping and leisure experience that Marina Mirage is renowned for, making it a premier destination for both locals and tourists. Read More

Unlocking Home Equity: A path to Wealth and Enhanced Living 18th June 2024 Unlocking home equity offers a path to wealth and an enhanced lifestyle. With property values surging, homeowners can leverage their equity for renovations, adding significant value to their homes. Renovating can create new spaces and elevate living experiences. Before starting, ensure proper financing and consult with experts. Lucy Cole Prestige Properties provides expert advice to help you navigate this journey and achieve your financial and lifestyle goals. Read More

An Attractive Destination for Global Investors 10th June 2024 The Gold Coast's property market is booming, attracting a surge in international investments due to its stable market, prime location, and regulatory incentives. Key drivers include interest from Asian buyers, particularly Chinese, and the region's appealing lifestyle. Despite opportunities, investors must navigate regulatory approvals, stamp duties, and legal requirements. The outlook remains positive, with ongoing development and infrastructure improvements likely to boost demand. For more information on property investment, contact Lucy Cole Prestige Properties. Read More

Luxurious Gold Coast Condominium of Late Shafston College Founder Now Available 16th May 2024 Presented by Lucy Cole of Lucy Cole Prestige Properties, this lavish condo in the Imperial Hotel, formerly Palazzo Versace, was once owned by the late Keith Lloyd. Featuring designer furnishings, chandeliers, marble floors, and a private heated pool. Read More

New Body Corporate Laws 15th May 2024 On March 21, 2024, the Queensland Government issued a proclamation regarding the Body Corporate and Community Management and Other Legislation Amendment Act 2023 (BCCMOLA Act), signaling significant changes effective May 1, 2024. These changes include a new process for terminating community titles schemes for economic reasons, allowing body corporates to make by-laws regarding second-hand smoke and animals, and clarifying the towing of vehicles from common property. For detailed information and best practices, the Real Estate Institute of Queensland (REIQ) has created a factsheet for its members. For inquiries or advice on navigating these changes, contact the Agency Advisory Service for free assistance. Read More

Broadbeach to Burleigh Heads Suburb Profile 2nd May 2024 From the relaxed charm of Broadbeach to the vibrant energy of Miami and the picturesque allure of Burleigh Heads, this 10.2km stretch of the Gold Coast offers an array of experiences waiting to be explored. Read More

Gold Coast iconic river front mansion to create price benchmark. 4th March 2023 A riverfront Gold Coast mansion that has hosted captains of industry, celebrates galore and political figures might soon reclaim its title as one of the expensive luxury homes in Queensland. Read More

Lucy Cole Prestige Properties finalist in Real Estate Institute of Queensland’s Awards for Excellence! 3rd March 2023 Congratulations to Lucy Cole Prestige Properties on being named a finalist in the Real Estate Institute of Queensland’s Awards for Excellence. Read More

Investor snaps up high-profile Labrador site 2nd March 2023 A Labrador site previously earmarked for a multi-storey medical centre has sold to an industry figure for $660,000. Read More