2021-10-14-莱坊-Gold_Coast_Prime_Residential_Review_Q3_2021_4页_2mb

Gold Coast Prime Residential Review Summary (Q3 2021)

Core Content Overview

The Gold Coast Prime Residential Review Q3 2021 provides a comprehensive analysis of the performance of the luxury real estate market in the Gold Coast, focusing on sales, price growth, rental yields, and new development trends. The report highlights the continued strength of the market despite challenges such as border closures.

Main Market Performance Indicators

Key Trends and Insights

Wealth Trends

• UHNW Growth: The number of Australian ultra-high-net-worth individuals (UHNWs) with net wealth of US$30m+ increased by 10.9% in 2020, reaching 3,124 people.
• Future Growth: The UHNW population is projected to grow by 3.8% annually over the next five years.
• Stock Market Performance: The Australian stock market saw a 7.7% gain in Q2 2021, with annual growth reaching 25.2% (S&P Dow Jones Indices).
• Private Investment: New private investment declined by 3.6% in 2020 but is expected to rebound to 10.5% annual growth in 2021 (Oxford Economics).

Sales Performance

• Record High Sales: Q2 2021 recorded 176 prime property sales (valued between AU$2m and AU$7m), the highest on record.
• Quarterly Growth: Sales volume increased by 7% compared to Q1 2021.
• Annual Growth: Sales volume rose by 142% in the year ending June 2021.
• Super-Prime Sales: No super-prime properties (AU$7m+) were sold in Q2 2021, a decrease from 7 in Q1 2021 and 3 in Q2 2020.

Price Performance

• Annual Capital Growth: Prime property prices on the Gold Coast increased by 7.5% over the past year.
• Quarterly Growth: A 5.2% increase in prime prices was recorded in Q2 2021 alone.
• Price Forecast: Knight Frank Research predicts a 10% increase in prime prices by the end of 2021, followed by a 7% increase in 2022.
• Currency Advantage: Buyers using Pound Sterling had the most advantageous position for purchasing Gold Coast prime property, with an additional 3% benefit compared to other currencies.

Rental Performance

• Rental Yield: Gross rental yield for prime properties in Q2 2021 was 3.36%, a 1 bp decline from the previous quarter.
• Rental Growth: Rental prices grew by 4.6% in Q2 2021 and 4.7% over the past year.

Development Pipeline

• 2020 Construction: A total of 2,250 medium- and high-density new apartments and townhouses were completed in the Gold Coast prime region in 2020.
• 2021 Forecast: The same number of properties is expected to be completed in 2021, with 2,250 currently under construction.
• Bedroom Distribution: The 3-year development pipeline shows a 47% share of 2-bedroom apartments, with 27% each for studios/1-bed and 3-bed+ properties.

Comparative Value Analysis

• US$1 million can purchase 121 sqm of internal luxury floorspace on the Gold Coast.
• In comparison:
  • Sydney: 46 sqm
  • London: 30 sqm
  • Hong Kong SAR: 22 sqm

This highlights the relative value of Gold Coast prime property compared to other major global cities.

Contact Information

• Research: Michelle Ciesielski - +612 9036 6659 - michelle.ciesielski@au.knightfrank.com
• Residential: Shayne Harris - +61 2 9036 6713 - shayne.harris@au.knightfrank.com
• Valuations: Alistair Carpenter - +612 9036 6662 - al.carpenter@au.knightfrank.com
• Franchise Partnerships: Scott Timbrell - +612 9761 1823 - scott.timbrell@au.knightfrank.com
• Private Office: Sarah Harding - +612 9036 7552 - sarah.harding@au.knightfrank.com
• Media Enquiries: Caroline Stanley - +614 021 70901 - pr@au.knightfrank.com

Recent Publications

• Sydney Prime Residential Review Q3 2021
• Melbourne Prime Residential Review Q3 2021
• Brisbane Prime Residential Review Q3 2021
• Perth Prime Residential Review Q3 2021
• Australian Residential Tennis Court Premium 2021
• Australian Prime Waterfront Index 2021

Knight Frank Research reports are available at knightfrank.com/research.

Disclaimer

This report is for general information only and should not be relied upon in any way. Knight Frank Australia Pty Ltd does not accept any responsibility or liability for any loss or damage resulting from the use of this document. Reproduction is not allowed without prior written approval.