Canal land sales updates following recent floods

Brisbane Canal-front land sales update

Sales of new canal-front blocks on the Gold Coast have slowed, however according to research prices have not decreased.

The average canal-front block costs between $700,000 and $1 million on the Gold Coast.

Over the long term waterfront land on the Gold Coast has increased in value at about 15% per annum.

The value of waterfront land should not go any lower due to its scarcity and will probably increase further.
Source: (AFR Pg. 58)