What are the Best Property Investments on the Gold Coast?
Looking for the Best Property Investment? Gold Coast Agents Tell
Looking to own property along Australia’s most iconic stretch of beach? You are not alone! Demand for housing on the Gold Coast is skyrocketing despite recent border closures and a reduction in international visitors. One of the best ways to capitalise on what is shaping up to be a boom period is to seek out a property investment that ticks all your boxes.
Not sure where to start? Let’s take a look at just some of the Gold Coast suburbs showing signs of positive growth.
Investment Property Gold Coast Opportunities
Whilst the Gold Coast covers 70 kilometres of coastline, Surfers Paradise has been reported as the number one suburb in Australia for property turnover in recent months. Southport, Miami, Broadbeach and Mudgeeraba also make up the list of desirable areas. If you are considering a suburb a little further inland, Varsity Lakes and Robina are also well worth a look.
What are the best property investments?
Real estate market trends show house prices have risen close to 20% compared to previous years, leaving the traditional popular choice of a unit or apartment far behind. Where occupancy rates were once a strong determinant for the viability of purchasing an investment property, there appears to be a new set of requirements on a prospective buyer’s wish list.
Despite unit vacancy rates at record lows, the market is now seeing investors turn their attention away from the Gold Coast’s iconic skyscrapers, to larger apartments with more amenities on offer or homes where land is plentiful. This surge in demand is primarily focused in and around locations close to the coast or those where homes are on larger blocks.
With post-pandemic lifestyle changes seeing many continuing to work from home, families are looking to rent a house close to schools and popular shopping strips, affording them the benefit of the fabulous lifestyle the Gold Coast offers. Driving up demand, this makes purchasing a property to rent a great investment opportunity.
The Gold Coast is currently enjoying rapid growth due to many initiatives and the outlook is bringing investors back to the area in droves. If you are looking to take advantage of what could be a lucrative long-term investment, it makes sense to consult with your local industry experts at Image Realty. The best available property investment on the Gold Coast could be yours. Get access to the latest insights, local knowledge, and equip yourself with buying strategies.