The Gold Coast has become one of Australia’s most attractive real estate investment locations. There’s a lot to love along this 57 km stretch of coastline in Queensland. While it’s an appealing region for locals to buy in, it’s actually garnered attention from investors across the globe. Why are so many real estate buyers flocking to Australia’s Gold Coast?
The 2018 Commonwealth Games
Anticipation of the 2018 Commonwealth Games has had a powerful impact on the Gold Coast real estate market. This multi-sport event is scheduled to commence April 4th, 2018. Along with the excitement of the games, the area has enjoyed increased property values for over a year. Real estate agent Eddie Sarroff stated that he predicts that the rise will continue as the beginning of this celebrated event draws closer.
Increased Value That’s Good for Investors
The Queensland Valuer General released reports that show the annual valuations on over 140,000 city properties. An increase of 14.4% was noted as of October 2015. The top suburbs were identified and include Labrador with a 22.9% increase, Bilinga with a 24.4% increase, Broadbeach with a 25% increase and Runaway Bay with a 25% increase.
Better Areas Attracting New Buyers
Great efforts have gone into improving the safety and appeal of individual communities. Former policewoman and councillor Margaret Grummitt understands the struggles and challenges faced by local infrastructure. Since 2000, police and council have worked to lower crime in Labrador. She even points out that “there are new blocks with $800,000 units”, revealing signs of financial growth in the area.
The Gold Coast Fits Modern Lifestyles
Michelle Cieselski, Director of Residential Research for Knight Frank, stated that many high-net worth individuals appreciate the convenience of the Gold Coast and that “A lifestyle property on the Gold Coast also offers the perfect setting for semi-retirement or those who don’t necessarily need to be in the office full time.”
Gold Coast Property Market Moves in the Right Direction
The Gold Coast property market continues to thrive. While some are cautious about calling it a real estate boom, there’s no denying the tremendous growth that doesn’t show any sign of stopping. Executive Director of the Property Council of Australia Gold Coast was quoted as saying “I think there’s a return of confidence on the Gold Coast in terms of property development in particular. I think it’s a good story.”
Now is a great time to own your own piece of the Gold Coast! Contact Seajay Mortgage Brokers to discuss your financing options and become a part of the growing Gold Coast property market.