The Gold Coast region, apart from being Australia's No. 1 tourist destination, is the fastest growing region in Australia with a population that has been doubling every 12 years. People from all parts of Australia, and from all over the world, are attracted to the Gold Coast because of its magnificent climate as well as the wonderful business opportunities. Currently the population of the region is more than 450,000.
|The Gold Coast is also a very popular area for an investment property - both commercial and residential - and/or a holiday house or unit. Current Foreign Investment Review Board (FIRB) rules allow overseas investors to purchase vacant land, commercial property and up to 50% of new residential properties (houses and condominiums) constructed by any developer who has applied for FIRB approval.|
|Prices for all types of real estate on the Gold Coast are very competitive and affordable, especially when compared to similar areas throughout the rest of the world.|
|The tourist strip along the coastline comprises predominantly low-rise and high-rise units (condominiums), International Hotels, shopping and commercial centres and a limited number of houses, some of which have absolute beach frontage.|
|Immediately to the west of this strip is the main residential area as well as several other shopping and commercial centres, some light industrial estates and numerous clubs, golf courses and resorts. The main residential areas comprise units, townhouses, villas, duplexes and houses. Some of these are located on the magnificent tidal canals and waterway systems, ideal for the boating/fishing enthusiast as many of these waterways have access to the Broadwater and ocean.|
|Further to the west rural acreages around Mudgeeraba and Nerang are very popular as they are within 10 km of the beaches. The majority of properties range from 1 acre to 7.5 acres, with prices starting from about $A400,000.00 ($US300,000.00).|