Anyone buying on the Gold Coast?

[property_girl]

Yes, all the real estate agents are using the next Commonwealth Games as a selling point. I have looked at a few and the body corporate rates are prohibitive. What looks like a good investment initially gets diluted by all the ancillary costs. The rental returns they advertise are gross, so they are not a true indication of returns.

 

[Truly Exotic]

I think GC is on the move right as we speak,

Have a client who has bought 1 IP a few weeks ago and was looking for a PPOR for himself as well,

Nicely priced townhouse at $369k in the Benowa region,

I thought it was about the right price,
5 offers in the first 6 hours, sold for above asking price,

he's pretty disappointed