Advice for choosing the right suburb
As Australia’s sixth largest city, there are almost 80 suburbs on the Gold Coast, stretching from the Queensland/New South Wales border right to the boundary of Logan city approximately 50 kilometres north. Almost 600,000 people call this region home, but for those who are considering the move to Queensland’s lifestyle capital, choosing the right suburb to build or buy can be a challenging choice.
Dixon Homes build stunning new homes and offer turnkey ready house and land packages for property investors, retirees, couples and young families across the Gold Coast. When it comes to buying the right location research is essential. Below are our top tips for finding the right suburbs to buy.
1. Make a shortlist
Your suburb shortlist is mostly determined by your lifestyle and budget. Based on what you can spend, and what kind of lifestyle you would like to live, determine your top 5 or top 10 areas. For families these could be close to schools, or well situated to transport corridors to easily get to work. Other buyers may prefer a master planned community where many amenities are provided as well as lakeside or canal living.
Most buyers will also base their shortlist upon the investment potential of the area, including future growth. The best way to look at the future growth of the suburbs you are considering is to look at the recent past and what the development plans are in the area. Suburbs where big infrastructure developments are planned will mean more jobs in the area, and more convenience, driving up land values. Look at previous sales data to get a picture of when the suburb last experienced a boom.
2. Spend time in these suburbs
From your shortlist, it’s time to get up close and personal with these suburbs and spend time at different times of the day. Where are the local shops? Is it cycle or pedestrian friendly and is there easy on-street parking. What are the neighbours like?
3. Consider surrounding areas
Often the most popular suburbs have already experienced a price boom and buying in these areas will mean there could be another 10 years before the next cycle. If your first choices of suburbs are out of reach, consider surrounding suburbs that have the ‘halo effect’ by being in close proximity to the more popular areas. These will not only more affordable, their proximity to sought after areas means they will increase in value because of this halo effect as the area is gentrified.
If there questions you have about buying a new home on the Gold Coast, speak to the team at Dixon Homes. With a number of brand new homes in new estates and established suburbs across the Gold Coast, we have a range of quality homes to suit a wide range of buyers. To find out more call us today on 1300 10 10 10.
Written By Julian Groneberg: Brisbane copywriter