Bargain hunters told to opt for Brisbane

Australian property seekers looking towards Queensland may find cheaper homes in Brisbane than on the Gold Coast, new figures have suggested.

New research by RP Data has shown that seven of the ten most expensive suburbs outside the country's state capitals are in the area, with the most costly being Surfers Paradise at AUD1.284 million (GBP641,000) and Mermaid Beach at AUD1.1 million, Goldcoast.com reports.

Commenting on the findings, RP data researcher and analyst Cameron Kusher said: "In many cases property values on the Coast are higher than they are in Brisbane, particularly for houses."

He added: "It is getting harder and harder to get affordable property on the Gold Coast."

Other figures from the company have found that the state of Queensland saw the largest influx of new residents over the past year.

The total of 107,000 was made up of a mixture of Australians and overseas migrants, whereas people from abroad comprised most of the total of 102,000 people freshly domiciled in Victoria.

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