Why is Gold Coast booming?

House prices are booming on the Gold Coast as Aussies flee the larger capital cities in search of a warmer climate and to escape traffic congestion. An influx of overseas immigrants into Sydney and Melbourne is coinciding with a rush to south-east Queensland.



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A family of four estimated monthly costs are 3,286.5$ (5,089.6A$) without rent. A single person estimated monthly costs are 915.8$ (1,418.2A$) without rent. Gold Coast is 36.8% less expensive than New York (without rent). Rent in Gold Coast is, on average, 64.1% lower than in New York.

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