New valuations of unimproved land value on the Gold Coast has shown a 5% (on average) decline.  Prestige and waterfront suburbs were hit hardest with Mermaid Beach, Surfers Paradise and Paradise point down 29%, 18% and 15% respectively.

It was not doom and gloom however, Coomera and Ormeau – outer land-rich suburbs recorded gains of 20% and 15% each.  Ten other, similarly categorised suburbs recorded single-digit growth, with the remainder of the Gold Coast static or falling in the last two years.

This entry was posted on Thursday, March 25th, 2010 at 12:30 pm and is filed under Coomera, Facts & Stats, GCCC, Ormeau, Surfers Paradise. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.