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Artist impression of the proposed Gold Coast Art Gallery which will be built at the Gold Coast <a href=you could try this out Cultural Precinct at Evandale.' align='left' /> Main Beach is still the region’s most expensive suburb, but recorded a slight drop from $1.605 million to $1.520 million over just 12 house sales. Real estate agent Karen Stewart from McGrath Surfers Paradise, who has handled property sales in Bundall for the past 15 years, said the suburb had clawed back to triumph. Aerial of Bundall business precinct.Source:Supplied “Five years ago it was a really tough market, you had sellers that wanted to sell, but the market hadn’t caught up after the GFC,” Ms Stewart said. “It improved slowly over the last three years but really it’s the past 12 months where it has surpassed.” Ms Stewart reported a trend towards buyers snapping up then renovating or rebuilding older homes. “It’s so quiet and you’re out of the more transient suburbs but in 10 minutes you can be in places like Surfers Paradise and Broadbeach,” she said. “We’ve had a lot of interstate buyers, we’re finding a lot more sales are coming from out of town, but there still is a fifty-fifty ratio of local and visitor buyers.” REIQ Gold Cost zone chairman John Newlands said Bundall’s swift rise was partly due to its size. The lake at Evandale Parklands, in Bundall. Photo: Kit WiseSource:News Corp Australia Artist impression of the proposed Gold Coast Art Gallery which will be built at the Gold Coast Cultural Precinct at Evandale.Source:Supplied “Bundall touches a very wide area — it takes in the suburb of Bundall, Sorrento, properties near the racecourse, and then a large base of waterfront properties and that elevates the price point,” Mr Newlands said. It comes as property prices continue to climb less than 100 days out from the Commonwealth Games, with Willowvale and Currumbin Valley sitting in the $900,000 median house sale price bracket. Mr Newlands said lifestyle and location factors would help more suburbs crack the million-dollar mark in 2018. ”Mermaid Waters is one — all of those suburbs that are centrally located, only a minute’s drive to the beach, close to shopping centres, boutique places and spots for families to take the children,” Mr Newlands said.


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