The pandemic has put lifestyle aspirations sharply into focus, driving a wave of development across the Gold Coast.
Developers have rushed projects to the market in the past six months to capitalise on a booming property market.
According to consulting firm Urbis, apartment sales ballooned 97 per cent in the final quarter of 2020 as interstate buyers jostled with Gold Coast owner-occupiers.
Momentum has also accelerated post-Christmas with developers reporting that some luxury projects launched in December are almost sold out despite premium pricing.
The average price per apartment reached $972,000 in late 2020, compared to $785,000 in 2019, $751,000 in 2018 and $698,000 in 2017, Urbis data shows.
The city’s population was forecast to top 1.2 million within 20 years before Covid-19 effectively halted migration in March, 2020.
Take a closer look at the most important city-shaping development projects currently shaping the Gold Coast.
