Moving abroad to Queensland ‘cheaper in Brisbane’
Those emigrating to the Australian state of Queensland could find themselves opting for Brisbane over the Gold Coast as a more affordable choice.
Figures from RP Data show that the popular surfing area has seven of the ten most expensive suburbs in Australia outside the state capitals, with two – Surfers Paradise and Mermaid Beach – having average prices above $1 million (£501,000), Goldcoast.com reports.
The news provider quoted RP Data researcher Cameron Kusher saying: "In many cases property values on the Coast are higher than they are in Brisbane, particularly for houses."
"It is getting harder and harder to get affordable property on the Gold Coast," he added.
Other research from RP Data has found that Queensland has seen the highest influx of new residents of any Australian state in the past year.
The 107,000 new entrants were a mix of other Australians and immigrants from abroad, whereas second-placed Victoria with 102,000 had most of its increase accounted for by incomers from overseas.
Written by Tom Musk