Strong price growth

Gold Coast suburbs have made a national list of supercharged markets

TUGUN, Arundal and Reedy Creek are tipped to flourish in coming months, according to property market analyst Terry Ryder.

His latest Price Predictor Index refers to the three Gold Coast suburbs as “supercharged” in the latest national top 50.

The 50 suburbs show strong growth patterns and are likely to deliver strong price growth.

While three suburbs made the national top 50, the report also revealed performance of the Gold Coast property market was overtaken by the Sunshine Coast last year.

“The trends confirm the Gold Coast is winding down – a year ago we identified 25 growth suburbs but now only 10,” the report states.

“There are now 30 plateau suburbs – evidence the Gold Coast remains solid and one of the nation’s leading markets, but it’s no longer the No. 1 rising market that it was.

“It may surge again as we get closer to the 2018 Commonwealth Games.”

REIQ Gold Coast zone chairman John Newlands expected the Coast to continue to have “solid growth” with an increasing population.

“We’re still going to see an enormous amount of people come to the Gold Coast and buy here,” he said.

He said Tugun, Arundal and Reedy Creek would see price growth as people were pushed out of neighbouring suburbs.

“It’s a bit of a ripple effect,” he said. “As some of the inner suburbs have risen in price buyers start to seek alternatives.”

Tugun is among the nation’s top 50 supercharged markets, according to property analyst Terry Ryder in his latest Price Predictor Index.