Gold Coast Emerges As Global Luxury Hotspot

Gold Coast Emerges As Global Luxury Hotspot Manish Khanna
Manish Khanna
Friday 10 May 2019

From Colorado in the USA to Italian Riviera in Europe, beachfront properties have always grabbed the top spot when it comes to luxury real estate. Living alongside the surreal appeal of cool blue waters in a premium property is a proposition that entices the rich and the famous. The high net-worth individuals keep adding these trophy homes to their investment portfolios to boost their assets.

In a recent shift of their focus, this affluent segment has diverted their stack of cash towards the stunning environs of Gold Coast. The warm subtropical climate coupled with the luscious shores makes this hinterland a remarkable sanctuary for the seekers of sun and sand. While Melbourne and Sydney still have the highest number of luxury properties for sale in Australia, Gold Coast has cemented its position as an upcoming premium real estate landscape.

The coastal city welcomes millions of tourists every year and is the second most populous government area in the country. No one can resist its mind-blowing offerings which include stunning surfing beaches, an exuberant nightlife, attractive theme parks, and lush green rainforests. It is the kind of place which scores highly among the super-rich looking for a lavish setting for their second homes.

A Global Hotspot

In a recent survey, the city has made it to the list of top 50 cities in the world for luxury residential properties. The report was based on the movement of the top 5% of million-dollar property values across 100 cities in the world. Gold Coast was ranked 42nd in the list above the highly sought-after destinations like Cote D’Azur in France and Ibiza in Spain. The investment market has been growing steadily over the years in the city due to its lifestyle and value for money.

These well-off investors are either buying grand waterfront apartments or beachside mansions to be used as holiday homes or their retirement pads. The strict credit policy has not deterred the high and mighty from investing in prestige properties as they are not heavily dependent on external financing. The international investors pay cash and there is no involvement of bank loans or lenders. The credit policy has affected first-time home buyers and local investors in the country. However, the international market is still showing interest in purchasing extravagant properties.

A Sense Of Urgency

There is urgency among the buyers to complete the purchase deals before the upcoming federal elections 2019 as they are expecting a change of government. The new government will most likely bring new tax changes in property investment, and it has already been hinted by the Labor Party. They plan to reduce the capital gains tax from 50% to 25% and abolish negative gearing for existing properties.

However, they intend to keep negative gearing intact for newly built houses and apartments. The coming elections have boosted the clearance percentage at various auction programs in Gold Coast where local and inter-state investors have made the final bids. The number of inquiries is also on the upswing. The robust economy of the city along with an increased migration rate has improved the buyer activity in the region.

The boom kickstarted when the city hosted the 21st Commonwealth Games in 2018 and gave way to a variety of infrastructure development projects as well as luxury housing projects. Let us take a look at some of the hottest properties on the market at present.     

Luxury Waterfront House In Surfers Paradise

This spacious waterfront home has ample area which includes 4 bedrooms and 4 bathrooms. The expansive living room comes with a separate lounge and a massive home theatre system. The kitchen is loaded with ultra-modern amenities and the master bedroom boasts of a walk-in closet. The alfresco outdoor entertainment space overlooks the serene waters and paints a pretty picture. Click on the link below for more information.

https://www.milliondollarmansions.com.au/listing-detail/121/luxury-waterfront-classic-living-prime-location.html 

Stylish Villa On The Main Beach

This striking and well-appointed 3-bedroom property is positioned on one of Gold Coast’s prime location – the Main Beach. The massive 2-level villa has high ceilings and is filled with bright natural light. The modern kitchen has all the state-of-the-art appliances and overlooks the dining area. The master suite has a spa ensuite which overlooks the courtyard. If you wish to know more about the house, then click on the link below.

https://www.milliondollarmansions.com.au/listing-detail/122/stylish-amp-spacious-villa-central-to-everything-o.html

Big And Beautiful Family Home In Arundel

Swimming pool, classic stone kitchen, timber flooring, spa bathroom, walk-in wardrobe, basketball area – you name it and you will find it in this extravagant house. This magnificent property has every creature comfort and modern living facility in abundance. Surrounded by a golf course, bush walks, and parkland, it is the perfect spot for raising a family. For more details about the property, click on the link given below.

https://www.milliondollarmansions.com.au/listing-detail/226/big-bold-and-beautiful-timeless-amp-stylish-family.html

Prestigious Property In Helensvale

Positioned in the River Links Estate, this attractive house is made up of 5 bedrooms, a swimming pool, a garage, and a manicured garden. Overlooking the canal, it is a wonderful piece of construction which has a chef inspired kitchen, glass windows, private pontoon, fireplace, lounge area, dining area, walk-in wardrobes and much more.  It is only a few minutes away from the shopping centre, restaurants, and other entertainment precincts. For more information about this property, click on the link given below.

https://www.milliondollarmansions.com.au/listing-detail/215/pristine-polished-and-perfect..html

Enchanting House Offering Broadwater Views In Parade East

This majestic property stands opposite the tranquil waters and is built with patience and class. The opulence is visible in its grand finish and exquisite interiors. The multi-level building is equipped with a heated infinity pool, Kone lift, 10-car basement garage, and more such facilities. The home has 4 bedrooms and a master kitchen loaded with Miele appliances, large study, sewing room, cedar wood sauna, BBQ, media room and much more. If you want to know more about it, then check out the link below.

https://www.milliondollarmansions.com.au/listing-detail/197/owners-are-committed.-this-property-will-be-sold..html

Conclusion

Gold Coast has become the hot-favourite destination of investors looking for a relaxed and desirable lifestyle amidst the charming views of the sea. Being home to a host of sought-after luxury properties for sale in Australia, it is bound to grow consistently in the near future.