2019 Gold Coast Market Outlook

Over 2 people attended the Property Council’s Gold Coast Market Outlook on Friday 22 March, to hear the 2019 outlook for the coastal region.

Matthew Schneider, Director for Urbis and Gold Coast Committee Chair, opened the event with an update on the Property Council’s latest advocacy efforts.

Luke Dixon, Head of Real Estate Research for AMP Capital, spoke to the global economic outlook and big changes affecting technology, urbanisation and Australia’s demographics. Finishing his presentation with a focus on the Gold Coast, Luke explored how population growth, tourism and employment are the key ingredients to the region’s success.

Tania Moore, Joint Managing Director for Knight Frank, provided an update on the Gold Coast’s office market, explaining vacancy rates would likely hover around 10% for the rest of 2019, down from 11.6% in 2018.

David Brown, Executive Development Manager, Special Projects for Sunland Group, spoke to the Gold Coast’s strong residential sector. While prices In Sydney and Melbourne have declined by 7-8% David explained that average prices on the Gold Coast have increased.

Following the presentations, Matthew welcomed Luke, Tania and David back to the stage, to participate in a panel discussion on their predictions for the Gold Coast for the year ahead across the various sectors.

The Property Council would like to thank Matthew, Luke, Tania and David for sharing their insights on the 2019 property market. Thank you also to our event sponsor, Knight Frank.

Photos from the event can be found here.

Sponsor: