Interest in Australian property on the Gold Coast remains strong and prices are healthy according to the latest figures released by RP Data.
Studies by the group found that Surfers Paradise is the most expensive suburb in Queensland to buy a house, with a median price of $1.3 million (£713,605), Goldcoast.com reports.
Nationally, Peppermint Grove in Perth was the most expensive area, with an average price of $5.1 million, followed by Sydney's eastern suburbs of Bellevue Hill and Vaucluse which boast values of $3.25 million and $3.16 million respectively, according to the property news provider.
The survey showed that 1,249 units were sold in Surfers Paradise during the past 12 months.
According to the site, research analyst at RP Data Cameron Kusher believes the figures indicate interest in the local property market is healthy.
"It's not too surprising given the sheer amount of stock in those suburbs but it is a good indication that interest is strong on the Gold Coast," he said.
This week, the Real Estate Institute of Australia predicted that the country's property market will pick up in 2010.
Studies by the group found that Surfers Paradise is the most expensive suburb in Queensland to buy a house, with a median price of $1.3 million (£713,605), Goldcoast.com reports.
Nationally, Peppermint Grove in Perth was the most expensive area, with an average price of $5.1 million, followed by Sydney's eastern suburbs of Bellevue Hill and Vaucluse which boast values of $3.25 million and $3.16 million respectively, according to the property news provider.
The survey showed that 1,249 units were sold in Surfers Paradise during the past 12 months.
According to the site, research analyst at RP Data Cameron Kusher believes the figures indicate interest in the local property market is healthy.
"It's not too surprising given the sheer amount of stock in those suburbs but it is a good indication that interest is strong on the Gold Coast," he said.
This week, the Real Estate Institute of Australia predicted that the country's property market will pick up in 2010.
