Gold Coast rentals in oversupply

[Bazza]

There is also not a lot of capital growth on the Gold Coast, prices are dropping and people are moving out especially with all the recent negative media and reports.

Brisbane has far less percentage of vacancy rates due to the close proximity to the CBD - where majority of employment is. Brisbane also has bigger capital growth due to the opportunities it offers and infrastructure. There are also plenty more institutions for study. I used to manage a few properties on the gold coast from Brisbane and they rent for far less than Brisbane. This is due to the stock levels, and low demand for Gold Coast.

Hmm.. but that was dated Sept 2011 - things change.

 

[Player]

Hmm.. but that was dated Sept 2011 - things change.

Agree. Things not as sombre as last year or the year before.

Some SQM vacancy figures for:

Central 2.6%:

http://www.sqmresearch.com.au/graph_vacancy.php?region=qld::Gold+Coast+Main&t=1

Northern GC 3.1%:

http://www.sqmresearch.com.au/graph_vacancy.php?region=qld::Gold+Coast+North&t=1

South 1.6%:

http://www.sqmresearch.com.au/graph_vacancy.php?region=qld::Gold+Coast+South&t=1

West 2.5 %:

http://www.sqmresearch.com.au/graph_vacancy.php?region=qld::Gold+Coast+West&t=1

Circa 3 % is considered by some as a balanced market. Things are certainly far from tight, however the carnage of 12-24 months ago appears over.

 

[fisherman]

The Gold Coast is hosting the 2018 Commonwealth Games, which although a long way off will require a lot of construction. There will also be a rise in foreign investment.

http://www.goldcoastcity2018.com/content/homeasp2.asp?

The international cruise ship terminal for the North of the Coast (Biggera Waters, Labrador, Paradise Point particularly affected)

http://statements.qld.gov.au/Statement/2012/11/2/gold-coast-council-and-state-government-to-examine-cruise-ship-terminal

 

[ugotadollar4me]

$92 Billion currently being spent or going to be spent on the Gold Coast.
Things have already started changing for the better.
Prices are already improving.
In the last 6 months over 7000 properties have dropped off realestate.com.
Everyone laughed at me over the last 5 years buying up properties, the next 5years I will be having the laugh.
The time to buy was in 2008, 2009, 2010, 2011, 2012. The next best time to buy is now before things get out of control again.

 

[jenni_nextplace]

It tends to slow down a bit this time of year, make sure when you do your next lease you set it up so lease expires in Feb or in November, as they seem to be the busiest months of the year. A lot of people assume you have to do a 3,6,12 month lease, when actually you can pick what ever date you want for your lease expiry

You should also always end your leases for a Tuesday, as most people move in on a Friday/Saturday. This gives you Wed,thurs and friday to clean the house up ready for the next tenants.

 

[Edmond Dantes]

$92 Billion currently being spent or going to be spent on the Gold Coast.
Things have already started changing for the better.
Prices are already improving.
In the last 6 months over 7000 properties have dropped off realestate.com.
Everyone laughed at me over the last 5 years buying up properties, the next 5years I will be having the laugh.
The time to buy was in 2008, 2009, 2010, 2011, 2012. The next best time to buy is now before things get out of control again.

nah.. I still don't see any industries there... if Aus dollar goes down that'll trigger something.. same with cairns.

The time to buy was in 2008, 2009, 2010, 2011, 2012. The next best time to buy is now before things get out of control again.

You sounded like a Real estate agent. Hope it goes well for you. Good luck.

 

[ugotadollar4me]

nah.. I still don't see any industries there... if Aus dollar goes down that'll trigger something.. same with cairns.





You sounded like a Real estate agent. Hope it goes well for you. Good luck.

Aus dollar has been on its way down for some time now, won't be long before it hits the average.



No not an agent just study the markets well.