Homeowners in the top two per cent of the Gold Coast market

first_img The Broadbeach Waters property at 255 Monaco St is listed with a $12.95 million price guide.CoreLogic head of research Tim Lawless said the Gold Coast had the third highest 98th percentile house value.“In Queensland, the highest 98th percentile house value can be found at Noosa on the Sunshine Coast, tracking at $1.87 million in September, followed by Brisbane ($1.52 million) and Gold Coast ($1.33 million),” he said.The figure was much higher on a national scale.“Nationally, you’ve made it into the 98th percentile if you own a house worth at least $2.16 million (roughly $1.6 million above the national median house value) or a unit worth $1.43 million (about $930,000 higher than the national median unit value) or higher,” Mr Lawless said. The Paradise Waters property at 101 Commodore Drive is on the market with a $14.888 million price tag.More from news02:37International architect Desmond Brooks selling luxury beach villa9 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day ago“Although the national entry point to the top 2 per cent club looks extremely high for most of us, the national figure is skewed higher by Sydney and Melbourne where housing values are much higher.”There were almost 670 Gold Coast houses on realestate.com.au that were listed with a price guide above $1.3 million at the time of publication.This included houses going to auction, which were listed without a price guide.More than 4200 Gold Coast homes were listed on realestate.com.au with prices as low as $49,000. MORE NEWS: Rental vacancies tighten across Queensland Gold Coast houses worth more than $1.33 million are in the top two per cent of the market.GOLD Coast residents who own a house worth more than $1.33 million have made it into an elite club without even realising.The figure represents the entry point into the city’s top two per cent of the property market, also known as the 98th percentile.Considering the Gold Coast’s median house price is $655,000, it’s an unusual position to be in. MORE NEWS: Big crowd watches on as dated house soars past reservecenter_img Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:29Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:29 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenWays to get into the property market for less00:29last_img read more