GOLD COAST VS SUNSHINE COAST
Both the Gold Coast and the Sunshine Coast now have a house price median surpassing Melbourne driven by a lot of movement out of capital cities , as well as strong demand for holiday homes . Latest data from the national statistician on population growth shows that both are growing at a similar percentage rate , however the Gold Coast has a much younger demographic and as such , natural increase is playing a greater role in this growth . The Sunshine Coast ’ s population growth is driven almost entirely by movement from other parts of the country .
In terms of price growth , the Sunshine Coast is the stronger performer for both houses and units . This is also the case for rents . This greater strength in growth mainly reflects the source of population growth . The Sunshine Coast is growing because a lot of people are moving from Sydney and Melbourne , as well as increased holiday homes from this area . This is more closely recalibrating prices to these more expensive cities .
Winner - Gold Coast . Sunshine Coast prices are moving quicker but Gold Coast remains a more affordable option for locals and first home buyers .
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