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Many transactions happened off-market in Gold Coast beachfront property, according to a commercial report.
A representative of a real estate institute, quoted in a commercial report, described beachfront living as a limited resource: only a small amount exists, so supply and demand shape the market.
A commercial report described a home at Wonga Beach, north of Port Douglas, as having 120 metres of beachfront, eight bedrooms, five bathrooms and a pool.
A commercial report on the Gold Coast described beachfront property there trading in what it called secret deals, with many of the transactions happening off-market. A selling agent quoted in the Gold Coast report said the market for beachfront homes there was booming, while markets further south had slowed.
An agent quoted in the Gold Coast report described owning waterfront land as a global aspiration among investors, and living on the ocean as "the pinnacle of lifestyle property". That agent treated the beachfront as a step beyond waterfront property in general.
A representative of a real estate institute, quoted in a commercial report, described beachfront living as a limited resource: only a small amount exists, so supply and demand shape the market.
An agent quoted in the Gold Coast report said a lack of stock and the calibre of buyers over the past seven years would lead the market to steady growth and leave it insulated from volatility.