Gold coast property battle: East v west

HOUSES on the western side of the M1 are becoming hot property as affordability forces buyers further away from the coastline.

Proptrack data to June reveals real estate to the west of the city’s main arterial is being snapped up twice as fast than on the east of the highway.

Mudgeeraba is one of the Coast’s fastest-selling suburbs with houses shifting in 15 days.

Would you buy on the east or west side of the M1?

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The data also showed houses in nearby Worongary and Nerang were selling after only 22 days on the market.

In contrast, beachside homes are taking 55 days to sell in exclusive Mermaid Beach and 39 days in popular Palm Beach.

Properties in Labrador, on the Broadwater, also recorded 39 days on market, while houses in its western neighbour Pacific Pines are selling in a swift 22 days.

In Biggera Waters, homes are taking 45 days to sell but on the other side of the M1 in Maudsland, they are taking 22 days.

42 Albatross Ave, Mermaid Beach recently sold for $5.4 million.

62A Thredbo Drive, Worongary recently sold for $1.45 million.

REIQ Gold Coast zone chair Andrew Henderson said buyers looking for bigger backyards and more space tended to favour the western side of the city.

“Pricing is obviously pushing some buyers west as it provides that more affordable entry point,” Mr Henderson said.

“Given what we have been through the past few years, people are continuing to make that tree-change move, but are still looking for close access to what the Gold Coast offers in terms of infrastructure and beaches.”

Pricing is pushing some buyers to the west of the M1.

Augusta Swayn, of Ray White Burleigh Group, said she had house-hunters who had owned on the eastern side now looking in suburbs such Highland Park or Worongary.

“On the Gold Coast you either want to live on the eastern side or the western side and you don’t normally want to cross over, but there are buyers who are now considering it,” she said.

“I definitely think it’s down to pricing.”

107 San Fernando Drive, Worongary is for sale via expressions of interest.

Nat Scott and her plumber husband Jono are looking for a buyer for their leafy Worongary property.

They bought 107 San Fernando Drive 12 months ago and have listed it for sale through an expressions-of-interest campaign.

The pair, who have renovated 14 properties and built one house, don’t do things by halves.

Their latest project, affectionately known as Worongary Pavilion, has a “poolside day club area”.

107 San Fernando Drive, Worongary is on the market.

The original 1980s, five-bedroom house on 1ha of subdividable land was in desperate need of an update when the Scott family got their hands on it.

“We flipped all the living areas from the centre of the house to the northern end so we basically get all-day sun,” Mrs Scott said.

“We honestly haven’t stopped since we bought it.

“It’s been my full-time job overseeing all the different trades.”

As well as a new kitchen and bathrooms, the pair installed a new deck, internal walls, skylights, flooring and lighting.

Mrs Scott said while it was bittersweet to sell, the family had bought another property in Warwick.

The post Gold coast property battle: East v west appeared first on realestate.com.au.

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Gold coast property battle: East v west

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