Recently the demand for property on the Gold Coast has risen. But why?
Is it the beautiful beaches, almost year round perfect weather or a great lifestyle the reason people are moving to the Gold Coast?
Or is it another reason, maybe the price of property?
Because property prices in major cities are rising, buyers are now looking to the Gold Coast as an “affordable” place to live. Which, in turn is increasing demand for property on the Gold Coast.
Specialising in the southern Gold Coast property market, Real Estate Real Easy’sJason Hocking has experienced first hand the increase in enquiry from potential Unit investors both local and from “interstate”.
Commenting, “The benefits of owning an investment unit can be great. And having a positively geared investment property is the aim, but it can be difficult to achieve.
Although with low interest rates, the incentive to invest at an all time high and demand for rental properties increasing, some buyers are capitalising.
This is good for sellers as it creates a sense of confidence in the market and increases motivation within buyers, which can increase prices.”
So we had a look into some of the top performing suburbs for units on the Gold Coast, and here is some of the data we found:
| Suburb |
Median Gross Yield (Over past 12 months) |
Median Sale Price (Over past 12 months) |
Median Price Change (over past 12 months) |
| Reedy Creek |
6.3% |
$307k |
4.07% |
| Varsity Lakes |
5.6% |
$409k |
4.87% |
| Burleigh Waters |
5.6% |
$380k |
5.56% |
| Miami |
5.3% |
$415k |
10.37% |
| Mermaid Waters |
5.2% |
$365k |
14.24% |
Results taken from www.propertyvalue.com.au in July 2016. Table created by Real Estate Real Easy with publically available information.
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