The Suburbs Leading the Way…
The South-East Queensland pocket has been dubbed the fastest growing region within Australia for more than 50 years. Growth traditionally driven by young families, non-professionals attracted by affordable real estate prices and retirees attracted to the sandy beaches, warm weather and the relaxed casual lifestyle. Infrastructure projects including the development to support the Commonwealth Games in 2018 has proven to be a game changer for the Gold Coast as it essentially transformed the city and attracted many eyes on the region.
Why the Gold Coast…
The strategic development coupled with the pandemic, however, has seen the affordable real estate prices rise sharply over a short time. Since early 2020, countless people have migrated to the Gold Coast for the unrivalled lifestyle, particularly from Victoria and New South Wales. The influx from southerners saw an injection of wealth into the region as many brought with them personal wealth along with the proceeds of the sales of interstate real estate.
This wealth is now permanently centred on the Gold Coast and has triggered further improvements and expansion within the region. Gold Coast is certainly no longer regarded as cheap real estate, yet it retains a reputation as one of the safest parts of Australia in which to buy real estate due to the unrivalled capital growth.
There remains potential for the city to expand a little further, yet the Gold Coast edges towards capacity and the scarcity of available properties will drive and protect property prices for both sale properties and rentals. In fact, the shortage of rental accommodation on the Gold Coast means the harsh reality for renters becomes the source of comfort for investors who will not only enjoy excellent capital gain on their properties along with some of the best rental yields in the country.
While prices have sky-rocketed and the rental market is tight, there remains pockets of the Gold Coast that represent great buying opportunities for investors. The potential capital growth in suburbs surrounding Southport have led to this pocket of the Gold Coast being tipped as the next boom region. Southport has a base of Government and semi-Government departments, alongside the education sector, medical facilities including the Gold Coast University Hospital and has been officially names the CBD of the Gold Coast.
Stewart Estate Agents
The team at Stewart Estate Agents specialise in the Ashmore / Benowa areas and surrounding regions and are the local experts when it comes to buying, selling and renting in this area. Their unsurpassed knowledge, their love for the community and exceptional results make the Stewart Estate agents the obvious choice for any property transaction on the Gold Coast. If you have been considering selling or renting your property and would like to know more information in this everchanging market, then contact the team today, they would be more than happy to help.
Both the sales and property management teams live by the motto of ‘People First, Results Second to None…