Noosa News
Gold Coast Mayor Tom Tate says building on basketball court-sized blocks ‘better than nothing’
Gold Coast Mayor Tom Tate says council will consider releasing blocks of land as small as 400 square metres, in an effort to boost the supply of housing.
Key points:
- Gold Coast City Council will consider building approvals on smaller-scale lots to boost housing supply
- A real-estate economist says supply of potentially thousands of new dwellings have been “put on hold” by the pandemic
- Median house prices increased by 16.4 per cent in some suburbs, with stabilisation possible in late-2021
Median vacancy rates have dipped below 1 per cent in some suburbs while house prices have risen by more than 16 per cent, as a surge of interstate migration drives growing competition in the property market.
Cr Tate said the council would look at approving…
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