The Gold Coast property market is making all the right moves, and the latest infrastructure developments, coupled with the upcoming Commonwealth Games, is seeing demand for property starting to drive prices up. This opens up great opportunities for those who own a property on the Gold Coast plus those considering investing there. Lets uncover why the Gold Coast is loved by so many, and find out what opportunities await you.
Sun, surf and sandy beaches
The Gold Coast has been a holiday haven for Australians and International tourists for decades. In fact, it’s established itself as both an idyllic place to live and a place where sun, surf and sandy beaches are plentiful. But there is plenty more to this region that makes it so popular.
Easily accessible to a myriad of world famous theme parks, plus in close proximity to the beautiful hinterlands, everyone with a Gold Coast postcode understands all too well how they lucky they are to have the best of both worlds.
There’s no shortage of schools and university’s too which make this area of Queensland so popular with close to half a million people proud to call it home; youth, families and the more mature who love the lifestyle know that the Gold Coast has it all.
Planned development valuable for property investors
The number of planned developments in and around the Gold Coast are only going to lead to further investment potential, in fact it’s fast becoming a more viable option for entry level investors and those looking to diversify their risk and expand their current portfolios.
Southport, just north of Surfers Paradise, is an older, more established area that is scheduled to enjoy significant developments including a Chinatown precinct and a new Aquatic Centre. Broadbeach is already on the move thanks to the transformation of the Pacific Fair shopping centre, scheduled to be the largest in Queensland. Further north in Coomera the green light has just been given to a significant Westfield development.
All in all, these developments are going to contribute greatly to the Gold Coast’s economy, and the flow on effect to the property market will be positive. The new light rail system has also put many suburbs back on the map.
Let’s not forget the upcoming Commonwealth Games in 2018, which the Gold Coast is set to host, which will bring even further interest to the area while simultaneously boosting tourism in Queensland.
Locations suitable for property investment
Following the global financial crisis, the Gold Coast property market was significantly impacted. Auctions dried up and many properties remained unsold for months and in some cases years. But things are changing.
Market conditions in the Tweed area are showing promising signs, with reports indicating it is a favourite amongst first homebuyers. The Cabarita Beach area is one for families, so keep a close eye on as is boasts a great local primary school, new shopping centres and is close to Coolangatta airport and beaches; after all, that’s what makes the Gold Coast so lovable.
Tugan is already showing signs of improvement and with rental demand currently stronger for houses than units, investors can enjoy high rental returns. Mermaid Beach is another area showing signs of strong movement in the property market, again with strong rental demand.
Varsity Lakes, a relatively newly developed suburb close to Robina and a very handy train line linked to Brisbane, is worth a look too. Flanked by Bond University, close to the coast and surrounded by water, newcomers to the Gold Coast can enjoy a lovely lifestyle here.
As mentioned earlier, Southport is one suburb with plenty of investment potential. Just minutes to Surfers Paradise and Broadbeach, it’s one area to keep a close eye out on.
How to make the Gold Coast your home
So with your financial i’s dotted and t’s crossed, it’s never been a better time to take a close look at the Gold Coast property market and see exactly what opportunities await you.
Buying a new home , whether it’s off the plan or on your own block of land is one way to ensure you are putting your money to good use. It’s the great Australian dream to walk through the doors to a brand new home and Dixon Homes have the solutions to make your aspirations come true.
While there is no way to truly measure the impact of each infrastructure development or the Commonwealth Games, it is safe to say that real estate prices will be positively boosted. In addition, when tourists and visitors to the area arrive, some for the very first time, they will definitely want to return.
With the apartment market showing signs of continual struggle due to oversupply, the smart move will be to invest in a home. The strengthening number of home sales in conjunction with low interest rates is all factors that point towards a turn around for the Gold Coast property market.
Dixon Homes, experts in new home developments, are available to talk about all opportunities available to you as well as details about the Gold Coast property market.