Thinking about daydreaming about lounging on the beach with a refreshing Coke? Well, that dream could be closer than you think, especially if you’re considering a move to Queensland’s Gold Coast.
Gold Coast’s Allure
The Gold Coast isn’t just about the allure of a laid-back beach lifestyle; it’s got a lot more going for it. With a reasonable cost of living, top-notch academic institutions, and breathtaking natural beauty, it’s no wonder many find it an attractive place to call home. If you’re contemplating moving to this sunny city, here are some important things to keep in mind.
Real Estate and Economic Landscape
First off, timing is crucial. Keep an eye on the real estate market and the overall social and economic landscape of the Gold Coast. Despite the increase in Australia’s national real estate market, the Gold Coast has shown stability, with housing prices holding steady and declining by 1.5% to a median price of $925,000. According to analysts, this trend will continue into 2023.
A Positive Outlook
The employment scene is another positive aspect, with the Gold Coast boasting a low unemployment rate of 2.9% as of last December. Low unemployment indicates a robust economy, leading to higher wages, job security, and business growth. The combination of a stable housing market and low unemployment makes relocating to the Gold Coast seem smart.
What to Expect on Arrival
Now, what can you expect when you make the move? The Gold Coast is not just a haven for beach lovers; it’s a dynamic, rapidly growing area that attracts people from all walks of life. The population is diverse, with around 30% of residents being born overseas. Expect to encounter a mix of cultures in various neighbourhoods like Surfers Paradise, Southport, and Clear Island Waters.
Diverse Communities
One notable draw for investors is the thriving and ever-diversifying population. If you’re a foreigner looking to invest in Gold Coast real estate, be aware of the necessary conditions, like obtaining FIRB approval.
Infrastructure Excellence
When it comes to infrastructure, the Gold Coast shines. Efficient public transportation and a renowned education system, including world-class universities like Bond University and Griffith University, make it an ideal destination for families and students alike.
Schools and Universities
Speaking of families, there’s plenty of quality education options for school-aged children. Schools like All Saints Anglican School and Silkwood School offer a holistic approach to student development, ensuring a well-rounded education.
Unique Attractions
Let’s talk about the fun stuff—the Gold Coast is a hub of unique attractions. From famous theme parks like Dreamworld and Warner Bros. Movie World to exhibitions for art enthusiasts, there’s something for everyone in this sunny paradise.
Living Well Without Breaking the Bank
And here’s a pleasant surprise for adults—the cost of living in the Gold Coast is quite reasonable compared to other major Australian cities and even global metropolises. Plus, there are health benefits to living by the coast, as studies suggest a link between coastal living and improved mental and physical well-being.
Considering Pros and Cons of Living on the Gold Coast
Of course, relocating is a significant decision that requires careful consideration. The Gold Coast has its pros and cons, including moderate crime rates. If safety is a concern, look into suburbs like Palm Beach and Currumbin Waters, known for their safe communities.
Hidden Costs and Considerations
And remember, hidden costs can pop up when purchasing property, so factor in expenses like mortgage fees and transfer duty. Moving to the Gold Coast could be an intelligent choice, but do your due diligence to ensure it’s the right fit for you.
A Decision Worth Deliberating
In conclusion, the Gold Coast emerges as a promising destination that goes beyond the daydreams of beachside relaxation. With a stable housing market, diverse communities, excellent infrastructure, and an array of attractions, it offers a well-rounded lifestyle for residents. While considering a move, it’s essential to weigh the benefits against potential challenges, conduct thorough research, and make an informed decision to ensure the Gold Coast aligns with individual preferences and aspirations.
Also read: How Much Do You Need to Earn to Buy a Home in Gold Coast Suburbs?