Hi,
I am a newby at investing and considering to purchase a property in Southport, QLD.
By law, since I live in Canada I must purchase an off the plan unit or the property that have not been occupied for more than 12 months.
I've been searching and searching the forum and the internet for 1 very important subject but can't find the answear. If you buy a new property what garantees you have that it will be rented out ??? How do those overseas investors make sure that their property always brings rent. I know there are management companies that look after your unit but they cannot provide a 100% garantee that they will find tennants (or can they ?), even if it's a low vacancy area.
So far I was considering a property like that :
http://www.domain.com.au/Property/For-Sale/Apartment/QLD/Southport/?adid=2008531264
but not limited to.
Could you suggest other development projects/areas I should consider ?
How is Southport, QLD regarded as an investment area ?
I did some research and found some review about this region :
''There is no better time to invest in Southport than now as local, interstate and overseas buyers are recognising the immense potential for capital growth. Southport has a massive amount of infrastructure currently underway. The $1.76 billion dollar Gold Coast University Hospital (Australia's largest hospital comprising 700 beds) is under construction and due for completion in 2012. The new hospital is going to bring 5000 new employees to the area. In addition, there has been a recent announcement that a 320 bed private hospital is to be co-located with the new GCU Hospital.
Stage one of the Rapid Transit project (Light Rail) has been approved and will have its first station located between the new hospital and Griffith University.
Griffith University (Gold Coast campus) remains one of Australia's fastest growing campuses and it's student numbers are set to increase further in the next 2 years as many students will be medical students studying and training from the new hospital.
Southport is located close to the Broadwater, beaches, with easy access to the M1motorway, surrounded by great shopping, restaurants and cafes
SOUTHPORT HAS IT ALL - A great place to live, study and work.''
Shouldn't this be a no-brainer for most investors or is there more to it ? At first I thought the whole part of Gold Coast is mainly a tourist area, so long term leases should be limited to people mainly in tourism sectors, but after doing some research it seems to be different. I would like to hear some comments from locals.
I am a newby at investing and considering to purchase a property in Southport, QLD.
By law, since I live in Canada I must purchase an off the plan unit or the property that have not been occupied for more than 12 months.
I've been searching and searching the forum and the internet for 1 very important subject but can't find the answear. If you buy a new property what garantees you have that it will be rented out ??? How do those overseas investors make sure that their property always brings rent. I know there are management companies that look after your unit but they cannot provide a 100% garantee that they will find tennants (or can they ?), even if it's a low vacancy area.
So far I was considering a property like that :
http://www.domain.com.au/Property/For-Sale/Apartment/QLD/Southport/?adid=2008531264
but not limited to.
Could you suggest other development projects/areas I should consider ?
How is Southport, QLD regarded as an investment area ?
I did some research and found some review about this region :
''There is no better time to invest in Southport than now as local, interstate and overseas buyers are recognising the immense potential for capital growth. Southport has a massive amount of infrastructure currently underway. The $1.76 billion dollar Gold Coast University Hospital (Australia's largest hospital comprising 700 beds) is under construction and due for completion in 2012. The new hospital is going to bring 5000 new employees to the area. In addition, there has been a recent announcement that a 320 bed private hospital is to be co-located with the new GCU Hospital.
Stage one of the Rapid Transit project (Light Rail) has been approved and will have its first station located between the new hospital and Griffith University.
Griffith University (Gold Coast campus) remains one of Australia's fastest growing campuses and it's student numbers are set to increase further in the next 2 years as many students will be medical students studying and training from the new hospital.
Southport is located close to the Broadwater, beaches, with easy access to the M1motorway, surrounded by great shopping, restaurants and cafes
SOUTHPORT HAS IT ALL - A great place to live, study and work.''
Shouldn't this be a no-brainer for most investors or is there more to it ? At first I thought the whole part of Gold Coast is mainly a tourist area, so long term leases should be limited to people mainly in tourism sectors, but after doing some research it seems to be different. I would like to hear some comments from locals.
Last edited: