Gold coast and Northern NSW is being inundated with wealthy business owners escaping Sydney and Melbourne. Most run consultancy firms for various aspects of business and are willing to deal with the commute back to Sydney or Melbourne once a month if a client wants to meet face to face. Market is absolutely insane my brother moved up that way in 2013 and paid $890k for a queenslander on 5000m2 in the hinterland, he sold for $1.2 Mill around 2017 and it'd go for easily $2+ Mill now. He then bought a beachfront place for $3.1 Mill which was a record for the suburb at the time in 2018 which would easily go for over $5 Mill now.
Absolutely chaos for locals who work normal jobs and can't remotely afford to save a deposit or rent where they grew up.
