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REIQ Gold Coast Zone

REIQ Gold Coast Zone chairman John Newlands said some southern suburbs were shaking off a poor reputation and gentrification as wealthier residents moved in and displaced people from lower-income groups. "l think suburbs such as Miami have become with people who previously would not have gone there," he said. "They have come into their own with new restaurants and markets which has also made them more attractive." Developers have on to the trend as well, with Sunland launching a $62 million development, Magnoli Residences, in Palm Beach.

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