Mar
16

Coast market ready to leave boom and bust behind

Gold Coast Bulletin

HOMES will continue to be affordable on the Gold Coast thanks to the city leaving behind market booms and busts.

Gold

That’s the view of Aussie Home Loans founder John Symond who was on the Gold Coast yesterday to open stores at Robina and Burleigh and to contribute to a panel discussion at Bond University on housing affordability.

The high-profile businessman said the Gold Coast had developed a reputation in past decades for being a ‘no-go zone’ due to wild fluctuations in price but he believed that had changed.

“In the 1980s and 1990s it developed a reputation as a no-go zone because it was a wild ride but that has settled right down,” Mr Symond said.

“The pendulum is not swinging anywhere near as much as in the past.”

Mr Symond said the Gold Coast property market was now linked to a more stable economy, based on a diverse range of industries including education and health and an increasing infrastructure spend related to the 2018 Commonwealth Games.

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