The History of the Gold Coast Property Market
By Andy Allen
It was Captain James Cook who was the first European person to sail along the coast of Gold Coast on HMS Bark Endeavour in 1770. However, it wasn t until 1823 when it was inhabited when the explorer John Oxley landed his cutter “Mermaid” on a beach which he then named “Mermaid Beach.”
It wasn t until 1925 that tourism became a part of the Gold Coast, when a man called Jim Cavill developed the hotel - “Surfers Paradise” After this, the population grew quite steadily and in the 1940 s, property developers and journalists started referring to the area as the “Gold Coast” The name was then officially proclaimed in 1958 when the South Coast Town s council changed it s name to “Gold Coast Town Council.”
High-rise properties came about during the 1970 s and this is when the local property market really set off. The market grew steadily and then a massive increase in interest occurred when the airport was built.
Now Gold Coast property is seen as the biggest growing market in Australia, and because of the continues development over the last thirty years, the Gold Coast, Beenleigh, Logan City and Brisbane regions is now a conurbation.
It is this continual development which is making the local property market now bigger and better than ever. New properties are being built every day, and not only does the tourism sector increase the interest of the area, but also the growing employment opportunities as the are is fast becoming more and more established.
The other thing that is making the property market develop, is the development of residential buildings being built along the Waterways that are both man-made and natural that flow through the Gold Coast area. The residential canals were initially started in the 1950 s and construction of these beautiful features is still in progress today. As it stands, more than 80,000 residents live in these properties that span over 890km of the waterfront land.
As well as the ever-developing residential properties that are up and coming within the area, the council is increasing not only the safety of the beaches, but also the transport around the City. The car is one of the most dominating forms of transport, but with the introduction of the airport in 1981, it is now easier than ever to travel to and from Gold Coast. There are now buses, trains and monorails to try and ease any possible traffic congestion, and to prevent this, the council are placing more money and thought into improving the city s public transport.
When one thinks of how much has already developed on a fairly short time span, you realize that possibilities for the future are endless, making now the best time to invest in Gold Coast property.
Author - Andy Allen owner Gold Property Listings . com
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and articles on Real Estate on The Gold Coast of
Australia, visit
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