Arundel(Gold Coast) How does this sound?

[AlanT]

Im thinking of investing in this area which is 3 km from the broadwater on the Northern end of the Gold Coast. Its close to 3 major shopping centres with a forth soon to be built. Also close by is Griffith University. What do you think?




Historical Capital Growth

Period Arundel Brisbane
Sep 1999 to Sep 2000 -5.71% 5.22%
Sep 2000 to Sep 2001 19.48% 15.87%
Sep 2001 to Sep 2002 23.41% 17.59%


In total the rate of growth for the last three years was 39.04%. The average rate of growth over the last 10 years for this market segment was 8.73%. The median sale price of houses last year for this market segment was $224000 and the median rental yield for houses for this market segment was 6.24%. The average rental yield over the last 10 years for houses for this market segment was 7.88%. The total return for houses over the last 10 years in this market segment was 17.46% while the total return for the last 10 years for the whole of Brisbane was 13.55%. The Residex long term average projections for Capital Growth in the Postcode are as follows:

Predicted Capital Growth

Period Arundel Brisbane
Next 3 Years 9.2% 6.29%
Next 5 Years 8% 7.02%

 

[BUNDY]

Parkwood and arundel have grown phenominally - in size int he past 3-5 years. I know of a few people who whave bought there when the estate commenced and have done reasonabley well. Rent is quite good due to the location and close to the uni.

Check out some of the streets, however. Some are good and wide with huge houses, some are tiny, can barely drive one care through and have cheap unit complexes.

worth the drive down to check it out.

BUNDY