The gold coast will host the commonwealth games. What about housing prices?
As the first Australian city to host the Commonwealth Games, the gold coast will be a bright spot. The hosting of major global events has always been the goal of many cities. While increasing the visibility of the city, it will play a significant role in stimulating the local economic development. After Sydney's successful bid to host the 2000 Olympics in 1993, house prices began to rise, and after the games they soared, jumping 40 percent in two years. The upcoming commonwealth games in 2018 are no exception. The real estate listings are on our website.
The Gold Coast Commonwealth Games will feature more than 6,600 athletes and related personnel from 70 commonwealth countries and regions. To host the event, Kunzhou government has invested a $200 million in sports facilities, which will stimulate local economy and bring about a $2 billion economic growth. Urban infrastructure upgrades are also under way: A $2.3 billion will be used to upgrade the g-link light rail, adding 16 new stops along the way. A $185 million will be used to upgrade gold coast airport. The cheapest land in Western Australia.
The series of projects will not only bring a new look to the Gold Coast, but also bring great economic benefits. Local housing markets is hot because of this. Some experts predict that the increase in gold coast house prices after the commonwealth games will probably surpass that of Melbourne in 2006.
According to PRDnationwide's 2018 Commonwealth Games residential property report, gold coast home prices will rise by 25% by 2020. Compared with other popular cities in Australia, the Gold Coast house price is not very high. With tourism booming, its home prices have greater growth potential.
Tim Lawless, research director at CoreLogic, a leading Australian data analyst, said the Gold Coast property market would be more supportive and durable. The Gold Coast is one of Australia's strongest property markets.
Lot 17115 Manor Lakes Estate, Wyndham Vale VIC 3024
$495,000
Land area400㎡
All plans and facades are indicative concepts only and are not intended to be accurate depictions. Mimosa Homes reserves the right to amend plans specifications and price without notice. Package prices are based on a standard facade, standard inclusions and the availability of suitable land for development.
http://www.tigerz.com/detail-lot-17115-manor-lakes-estate-wyndham-vale-vic-3024-5b59097caebec130e2b80a79
Private sale $404,900
It’s not massive but it has that second bedroom you’ve always been craving with your one-bedroom apartment budget. Bright, secure and quietly set on the first floor of the block, the ready-to-enjoy apartment features an open-plan living and dining room with ample space to entertain and catch up with friends, a good-size kitchen with stainless-steel oven and gas cooktop for indulging your cooking skills and a bathroom with shower and washing machine taps.
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