Living life of luxury

CONFIDENCE in prestige properties is tipped to lead the Gold Coast property market next year, a new report says.

Herron Todd White’s December review revealed luxury residences such as golf course and canal/waterfront properties recorded up to a 20 per cent improvement in values in 2017.

Prestige unit values also increased by 10 per cent.

The report said the confidence in the prestige market was “the biggest surprise” of the year in residential real estate and predicted that the value of luxury homes will pull even further away from lower property brackets next year.