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BUY A GOLD COAST INVESTMENT PROPERTY!

NOW LOOKS LIKE A GOOD TIME!

GOLD COASTA Gold Coast investment property has never looked so good. The Gold Coast is Australia’s sixth largest metropolitan city. It has a population of just over half a million and growing, with close to 11,000 new residents moving in each year. So, for every five people on the Gold Coast today, there will be eight people within 25 years. Wow!!

The Gold Coast investment property market RECOVERY really started this year . It followed a Gold Coast investment property market correction. This reset was well needed, as the Gold Coast had overheated in terms of price and even rents in the mid to late 2000’s. Gold Coast investment property values had appreciated by about 165% between 2001 and 2008. So what will occur this time? Michael Matusik says “values are expected to increase, but mildly in comparison”. Potentially, house values could rise by another 9% and Gold Coast investment property values by as much as 11%. The Gold Coast market could peak in early 2016 to 2017, depending on interest rates, local employment trends and supply and demand.  During the next decade this underlying demand is expected to increase to 5,225 new houses required per annum. Forecasts indicate that each year between now and 2021 there will be the need for:

  • 3,100 owner occupier homes per year
  • 2,125 new gold coast investment properties per year
The Gold Coast also has a younger demographic, with the strongest demand over the next 10 years coming from young renters who will snap up a Gold Coast investment property and first home buyers. Which will mean a rising demand for more affordable property.  This will likely fuel the need for more houses and more townhouses mostly away from the beach.  The downsizing market is also quite large and this market too, is looking toward smaller dwellings and more affordable property in local suburban estates.

SO WHAT SHOULD AN INVESTOR BUY?

GOLD COAST FAMILYInvestors should look at a gold coast investment property priced up to $450,000 to $550,000 for new apartments and house and land packages. A gold coast investment property at this price point should generate a strong rental demand.

The Gold Coast property cycle this time around has an undersupply of new stock and a very tight rental market.

There are areas of the Gold Coast that really stand out! Buy near the employment nodes, in Queensland areas such as Carrara, Nerang, Mudgeeraba, Arundel, Ashmore, Robina, Varsity Lakes, Coomera, and Pimpama. And buy in an inland suburb. There is a real buzz of prosperity around the Gold Coast, and the gold coast investment property market that is being amplified by the upcoming Commonwealth Games. With a land supply shortage on the southern and central parts of the coast, all development and growth is being experienced in the Northern suburbs of Coomera and Pimpama.  The distinct undersupply of rental properties in the Coomera-Pimpama corridor has resulted in vacancies of under 1% and an increase in rents. Higher yields for investment properties in this region, makes for an extremely attractive investment opportunity.

Investors should buy an affordable, mainstream rental property, not lifestyle orientated stock that comes with emotional attachments.

Key drivers and infrastructure are creating an even more sound case to purchase a gold coast investment property:

  • Work has begun on an amazing$345 million re-development of Jupiter’s Hotel and Casino in Broadbeach.
  • $1 Billion Jewel project at Surfers paradise recently finding its feet financially with Chinese investors, the Gold Coast will undergo major construction over the coming years leading to the 2018 Commonwealth Games
  • The Gold Coast Light Rail Project is one of the biggest public transport projects in the country
  • The Gold Coast University Hospital is now Australia’s’ largest hospital – Knowledge Precinct is the largest clinical and research facility in Australia and for health students the training environment on the Gold Coast is second to none
  • Premier Campbell Newman has said the Commonwealth Games Village development project at Parklands is one of the largest urban renewal projects ever undertaken on the Gold Coast. The transformation of the 29 HA site will inject an estimated $500 million into the local economy, and provide more than 1,500 jobs during its construction. Overall, the Commonwealth Games and associated projects are expected to generate approximately $2 Billion in economic benefits to the State and generate up to 30,000 full time jobs. After the Games, Parklands will provide significant infrastructure as it becomes home to people and new businesses as part of a modern, mixed use community which will include a residential and a new business hub for health and knowledge, commercial and retail development.

YOU’RE GOLD COAST INVESTMENT PROPERTY OPPORTUNITY

THE MEADOWS - ARIAL

Take note too of the quality new residential developments that are occurring in these locations. Don’t overlook the opportunity to purchase a house and land package, townhouse or villa located in one of these key new estates located near all the major facilities and services. Suburbs like Coomera and Pimpama located in the Northern Gold Coast Corridor are currently skyrocketing!!!

Estates include: Fox well Rise, Coomera Grand, Norman Springs, The Meadows, Karingal Drive, all located very near the new upcoming 60 HA Coomera Town Centre.