Yes the high dollar is hurting tourism, shops are closing and boarding up again .... the recovery hasn't really eventuated unfortunately and unemployment is heading back up again. The banks have started to drip feed the mortgagee in possession properties back into the market as well, seen some sales recently at 2004 prices and that is around median priced property, not the high end stuff that crashed even worse.
Investing in property on the Gold Coast is like penny stocks but you won't get an LVR up to 95% on a penny stock.
