Sunshine and Gold Coast properties have boomed since 2020, now they're leading the real estate downturn

 It's a long way from a bust, but the booming property prices in Queensland’s two biggest regional centres are clearly cooling, with values now falling faster than almost anywhere else in the state.

The Sunshine and Gold Coasts in the state's south-east became a safe harbour for interstate migrants looking to flee the heavy COVID restrictions in New South Wales and Victoria throughout the pandemic.

The rush of new arrivals and subsequent demand for homes meant property prices surged consistently until earlier this year.

In the two regions – which sit north and south of Brisbane – property prices are still more than 40 per cent above what they were before the pandemic.

Read More: https://www.abc.net.au/news/2022-10-06/gold-sunshine-coast-property-downturn-regional-real-estate/101503048



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