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PHOTO: Gold Coast. Goway Travel
Interstate migration has caused property prices on the Gold Coast to skyrocket with the median house price jumping to $1 million in 11 suburbs.
Leading the way is Palm Beach with the median price rising from $930,000 to more than $1.2 million.
Gold Coast REIQ Zone Chair Andrew Henderson said it is not only retirees flocking to the Queensland city but all age groups in much bigger numbers.
He said the median house price jump is the biggest in a 12 month period he’s seen in 20 years.