Gold Coast

PHOTO: Apartments in Surfers Paradise are tipped to be the most exposed to any local downturn.(ABC Gold Coast: Dominic Cansdale)

Queensland’s peak real estate body says the Gold Coast property market may avoid a significant downturn amid the coronavirus pandemic, with predictions of an increase in the number of interstate buyers chasing a sea change.

Chief executive of The Real Estate Institute of Queensland, Antonia Mercorella, said once the health crisis was over Australians would be re-evaluating their lives and looking to locations like the Gold Coast that could offer better affordability.


Inside the Kardashian-Jenner Family’s Million-Dollar Real Estate Empire

“We’re far more affordable than other states,” she said.

“We are probably going to see people thinking, ‘I might just move to the sunshine state — the climate is great, it’s a more relaxed lifestyle, your dollars go a lot further’.

“A number of people will be thinking about perhaps wanting to have a lower mortgage, less financial stress in their lives [and] live an easier life.

“If you think about those factors Queensland actually offers terrific liveability.”