News
MONTH IN REVIEW OCTOBER 2024
18th November 2024
As we look back at October, the Gold Coast Real Estate market reveals a landscape shaped by evolving buyer preferences and robust government support for first homebuyers. With various incentives and price caps, the market is witnessing dynamic shifts, particularly among first-time buyers navigating the challenges of rising property prices.
Luxury Home Trends: What’s Hot in Gold Coast Architecture and Interior Design
18th November 2024
Gold Coast luxury homes are redefining opulence by embracing the latest design trends that combine sophistication with functionality. From sustainable materials and seamless indoor-outdoor living spaces to smart home integration and minimalist elegance, these homes reflect the epitome of modern luxury. Curved architecture, opulent materials, and bespoke wellness areas further enhance the allure. Whether you're building, renovating, or investing, these trends ensure that Gold Coast properties offer a timeless blend of high-end aesthetics and eco-conscious living.
The Ultimate Guide to Investing in Gold Coast Real Estate in 2024
18th November 2024
Navigating the dynamic Gold Coast property market in 2024 can be a complex process, especially for first-time investors. That's where partnering with a local real estate expert, like the experienced team at Lucy Cole Prestige Properties, becomes invaluable. With deep knowledge of the market’s intricacies, from high-demand suburbs to off-market opportunities, they can provide tailored insights and guidance to help you make informed investment decisions. Whether you're looking for high-end waterfront homes or rental properties with strong yields, having an expert by your side can unlock opportunities you might otherwise miss.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.