Gold Coast’s Palm Beach still a property hotspot

first_imgMore from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North9 hours ago02:37International architect Desmond Brooks selling luxury beach villa1 day agoCEO of McGrath Estate Agents, John McGrath believes Palm Beach is attracting a new demographic.“Beachside living is a key reason buyers want to invest and live on the Gold Coast, and areas like Palm Beach tick all the boxes,” he said. “The suburb has emerged as a new hotspot, as it embodies much of what people have loved about the Gold Coast for decades.“It is also attracting a new demographic of residents as it quickly gains a reputation as a dining destination, with a string of renowned chefs and restaurateurs recently opening venues in the area.”“The suburb has traditionally been dominated by houses but new apartment developments are beginning to emerge, giving Palm Beach an interesting, diverse array of dwellings with something to suit everyone.”Median house prices in Palm Beach are $712,500, up 34 per cent over the past three years according to CoreLogic. Palm Beach continues to rate as a property hotspot.THE trendy suburb of Palm Beach continues to rate as a property hotspot.Property mogul John McGrath has hailed the beachside suburb one to watch.Mr McGrath said the Gold Coast was a popular market for interstate buyers, with proximity to the beach, established infrastructure and access to quality education facilities contributing to increasing property values. 1/38 Cypress Terrace, Palm Beach recently sold for $815,000.last_img

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