Foreign buyers are spending more on residential property on the Gold Coast than anywhere else in Queensland, according to research conducted by Lynda Campbellof Colliers International.

Compiled by Colliers' Gold Coast office, the report indicates that of the $547.7 million spent in Queensland by foreigners in the last financial year, the Gold Coast represented $269.2 million, or 49% of the total. Brisbane City followed in second place, receiving $111.8 million,while Cairns replaced Noosafor third place. www.apr.com.au