KINGSCLIFF has been dubbed the region's most desirable “it” suburb; more popular than similarly rated Noosa, in the latest Colliers International Property Watch report.
Sales activity in the southern Gold Coast and Tweed housing market collapsed last year, coinciding with the global financial crisis.
But with 7.2 per cent median price growth, Kingscliff is now classed by the Colliers real estate group as a more preferable address than trendy Noosa, which also boasts a beachside cafe and dining culture, for work-from-homers and those keeping “getaway” holiday homes.
At the start of the previous housing boom, about eight years ago, Kingscliff was dubbed the “new Noosa”, shortly before real estate marketers started calling the Casuarina and Salt subdivisions the “New Tweed Coast”.
Here's what the latest Property Watch summary had to say about Kingscliff: “With gradual improvements to the M1, such as the Tugun bypass, residents in Brisbane seeking the tourist free beach lifestyle have made their way to Kingscliff.
“As the Gold Coast is a tourist hotspot, many buyers seeking the beach lifestyle have turned to Kingscliff, which is fast becoming the 'it' suburb.
“With a median house price of $690,000, it is not the most affordable suburb on the Tweed Coast, but has in these challenging economic times maintained its five-year growth rate of 7.1 per cent per annum.”