High Street, Southport

High Street, Southport QLD

Does anyone have experience with High St in Southport, north of Nerang?

It has fairly close proximity to the Nerang light rail as well being fairly close to the university and new hospital.

Some 2 bedders selling for mid 200's with expected rent of mid-high 200's. Strata being a big factor in the smaller complexes where I've seen them to be approx 500-600pq.

Looking around High St but being from Sydney, all I can see is that High St looks fairly busy.
 
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Does anyone have experience with High St in Southport, north of Nerang?

It has fairly close proximity to the Nerang light rail as well being fairly close to the university and new hospital.

Some 2 bedders selling for mid 200's with expected rent of mid-high 200's. Strata being a big factor in the smaller complexes where I've seen them to be approx 500-600pq.

Looking around High St but being from Sydney, all I can see is that High St looks fairly busy.

I drive through here most weekends to surf the spit, did you see the high rise developments on the waterfront about to start? I wouldn't be buying any apartments in southport ..ever..but that's just me
On a different note though I do like what southport has become/ing and I think if you bought something with some land content you will do well in the future with the smiths road upgrade uni etc etc
 
High St

I have an IP there and have lived on the corner of North and High.

It has good access to Smith Street and is walking distance to the broadwater. Australia Fair is getting an overhaul and Chinatown is a go. Cliental can be dodgey. Light rail is within walking distance. Hopefully the cruise ship terminal will go ahead.

Having said that, I am selling next year. Gold Coast Rates($1500+pa), body corp($1800+pa), Chronic water bills (now over $2kpa), repairs make actual yeild rubbish. Rental growth has been negative since 2010. Capital loss is on the cards. Personally, I'm sticking with houses, no more units.
 
I own a PPOR in Southport just off Ferry Rd, (close to High st).

Yeah as mentioned above, I would avoid units/high rises in Southport. For one they are not as good price/yield as areas close to the beach on the Gold Coast.

second reason i you may loose a bit of the current rental yield of anything bought now, as in the coming years and lead up to Comm Games there is a ***** load of units being build for both the athletes village and just opportunistic developers.

I have also spoken to the State MP for Southport, Rob M, and he agrees that there could possibly be an oversupply of units in southport in the coming years. (also confirmed by the valuer who did our house for a recent val)

I purchased a 600sqm block 3x1 house for $360k 12 months ago and recently had a bank val at $410 (with only a coat of paint and front fence added).
before we purchased it, it was being rented out for $430 p/w.

the advantage of southport, and proximity to colleges/uni/hospital it a huge plus, but ive just seen that sometimes student/nurses/drs prefer sharing in a full house than a unit.

There are still heaps of sub-$400k houses on the market that will get $400+ per week rental. I will be buying another one soon.


Best of luck!


Jim

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SMSF Specialist Administration and Investment Advice

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