Efe before you think about investing in Coolongatta, what is its primary export? Tourism.
Where is tourism in Australia currently? In the toilet? Where is it looking to stay? with a high AUD in the near term 3-5yrs... in the toilet.
Those gold coast prices will get cheaper as this gets worse plus unemployment on the east coast is rising.
Florida in the USA is almost like a sister city of the Gold Coast.They had all the same things going for them, and they will both fall for the same reasons.