BOOM

WITH 13 months to go until the 2018 Commonwealth Games, the Gold Coast property market is showing no signs of slowing with house prices in some suburbs jumping more than 30 per cent in the past year.

According to CoreLogic’s latest statistics, the Gold Coast recorded a 5.5 per cent increase in median house prices over the past 12 months and a 16.1 per cent increase over five years. Unit prices jumped 5.1 per cent over the 12 months but also 5.1 per cent over five years.

If you own a house in Mermaid Beach, Broadbeach Waters, Springbrook or Tweed Heads you could be sitting on gold, with property prices surging in those suburbs.

Mermaid Beach was the biggest mover, soaring 33.5 per cent over 12 months with a median house price now $1.395 million.

It was followed by Broadbeach Waters on 24.8 per cent and Springbrook on 20.4 per cent.

Tweed Heads, Hope Island and Tallebudgera also fared well and all recorded solid increases in median prices.

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