Australian Residential – Gold Coast Property Market in Grip of Spring Fever

October 06, 2016

Gold Coast Property Market in Grip of Spring Fever

Cashed-up interstate buyers are reported to be swarming to the city.

Harcourts Coastal managing director Dane Atherton described the boom as the “perfect storm”, with buyer demand on a par with pre-global financial crisis levels.

“This is by far the busiest spring I’ve ever seen on the Gold Coast,” he said.

“I think previously the Gold Coast hasn’t been as seasonal as other markets.

“Some of my colleagues in Sydney and Melbourne would say spring was their best market but our numbers up here never correlated.’’

Interstate buyers were bringing a new buyer mentality to the Coast.

“They’re bringing the mentality that spring is the best time to buy,” he said.

Meanwhile, REIQ Gold Coast zone chairman John Newlands said the Coast’s property market was heating up, with major events including the Commonwealth Games pushing it.

“We’ve got very low interest rates, low tenancy rates and we’ve got a revival in tourism, especially with the lead-up to the Commonwealth Games,” he said.

“With the Commonwealth Games, there’s a lot of infrastructure to support that and then we’ve got the extension of the light rail out to Helensvale.

“Not only are those events helping the Coast mature every year, but the growing population will also be a big driver in years to come.”

Disclaimer

Please read this disclaimer carefully.
Information on this Internet site should not be regarded as a substitute for professional legal, financial or real estate advice. Because every investors needs and financial situations are different, the ideas on this web site are intended as a guide only. National Investment Planning and its related entities responsible for maintaining this Internet site and its directors, officers and agents believe that all information contained within this Internet web site is correct. However, no warranty is made as to the accuracy or reliability of the information contained herein and National Investment Planning disclaims all liability and responsibility for any direct or indirect loss or damage which may be suffered by any recipient through relying on anything contained in or omitted from the Internet site at www.nationalinvestment.com.au

 

Without limiting the generality of the aforegoing, no person, persons or organisations should invest monies or take other action on reliance of the material contained in this material but instead should satisfy themselves independently (by seeking expert advice or otherwise) of the appropriateness of any such action. National Investment Planning are not licensed financial advisors. The general information we provide is for educational purposes only. Whenever specific financial advice or financial product advice is required National Investment Planning refer you to licensed individuals who hold the appropriate licensing required by ASIC.

 

© National Investment Planning.
The subject matter on and accessible from the web site www.nationalinvestment.com.au is copyright. Apart from fair dealing permitted by the Copyright Act 1968, National Investment Planning grant visitors to the site permission to download and display its copyright material only for private purposes. For reproduction or use of copyright material beyond such uses, permission must be sought directly from National Investment Planning. If given, permission will be subject to the requirement that the copyright owner's name and interest in the material be acknowledged when the material is reproduced or quoted, in whole or in part.

 

Website links
This site may contain links to other websites operated by entities which do not belong to the National Investment Planning. These links have been provided solely for you to obtain further information about other relevant products and entities in the market. National Investment Planning has no control over the information on these sites or the products or services on them, and therefore makes no representations regarding the accuracy or suitability of the information, services, or products described on them. You are advised to make your own enquiries in relation to third parties described or linked on this site. Inclusion of a link to a third party site should not be construed as that party's endorsement of this site.

By linking to sites operated by third parties, National Investment Planning is not authorising the reproduction of any material on such sites, as such material may be the subject of intellectual property rights.