Residential property in the Gold Coast may be boosted by news that the Gold Coast-Tweed region has become Australia's sixth most populous metropolitan area.
The State of Australian Cities 2012 report showed that the south-eastern region of Queensland had the greatest growth of the country's 18 major cities in the last ten years.
It rose by 2.8 per cent in the last decade to 2011, which is nearly double the national average of 1.5 per cent.
This equates to the Queensland region growing from 438,136 people in 2001 to 576,747 in 2011.
The Gold Coast-Tweed region also proved to be a hit with young people as it was the only Australian city that saw a decline in the number of people aged over 65, down from 17.5 per cent to 15.7 per cent.
In addition to the Gold Coast, the Sunshine Coast is the only other major Australian city to not experience a decline in the proportion of young people in their populations.
The report did show that the Gold Coast is competing with international destinations.
The document state "strong growth in outbound travel to short-haul holiday destinations in the region, such as Indonesia (Bali), Thailand and Fiji, are competing with many of Australia’s beach holiday destinations, particularly those in Queensland."