Whether you are looking for your first home, the ideal retirement destination or to getting into the real estate market, the Gold Coast is an excellent location and property investing on the Gold Coast is an attractive prospect. Gold Coast has always offered amazing lifestyle opportunities, steady development opportunities and beautiful properties to choose from. In fact, the area has something for everyone! With the new real estate reports just in, you might have one more reason to look into property investing on the Gold Coast.
The June quarter real estate market update for 2016 has highlighted some interesting changes in Gold Coast real estate. The median unit price across Australia was increased by 2.58% after a 1% decline previously. The median house price only showed a 0.03% increase! This is definitely a good sign for hopeful property investors out there! The June quarter’s statistics also showed that Brisbane showed a significant capital increase of 2.95% which may spill over to Gold Coast at some point. According to real estate experts, the gap between unit price growth and housing is all about certain growth cycles which are not synchronised at the moment. According to market statistics, the housing market has fallen slightly behind the units due to them being more affordable.
According to the 2015 - 2018 Australian Housing Outlook Report, the unit price growth is lower in comparison to the price growth of houses. If you are seeking for the right time to enter property investing Gold Coast, then now just might be the perfect time. The report further states that the market for units shows signs of being less intense in comparison to other investment options. Let’s not forget about the interest rates! Currently, the interest rates are reported at historic low levels. The unitary price growth forecast is at 2.3% for Brisbane and this is definitely favourable for potential investors as the construction of units have shown a significant rise of 119%. Of course, the prices have declined by 3%. According to real estate experts, this high supply can result in an opportunity to enter property investing in Gold Coast and to make great savings.
Gold Coast has long been a highly desirable residential and investment location for many. A recent report has shown an increase in the number of Australians, entering retirement with SMSF money. This is yet another potential stream of growth for the real estate market. Needless to say, those who are at the prime of their career may find plenty of employment at Gold Coast with major infrastructure development and new businesses opening up in the region.
If Gold Coast seems like an attractive property investment option, be sure to get in touch with the Capital Wealth Property team today to secure your perfect property at your perfect price.