Where is the Gold in the Coast? Opinions on the Gold Coast

Hello SSters,

I spent last weekend on the Gold Coast and had a peruse around real estate agents in the 'residential' areas (i.e. Runaway Bay, Hollywell, Hope Island) and noticed that prices where somewhat reasonable relative to rental price.

Some other points that have spurred my interest and place upward pressure on pricing
- Recently implemented tramway
- Commonwealth games in 2018
- Lower Aussie dollar - increasing tourist demand

As such I'm interested in peoples thoughts in some of the residential areas in Brisbane and which areas are going to be the star performers in the next 36 months.

(disclaimer - I am not interested in holiday/OTP in Gold Coast - as this market is too volatile for my liking)

Regards,
Q
 
Still good buying house w land around southport and surrounds but not too far north

Have you seen the development around Griffith uni and hospital at the moment?? Well it's massive, Lots of people may be wanting accom close to there IMHO
 
Still good buying house w land around southport and surrounds but not too far north

Have you seen the development around Griffith uni and hospital at the moment?? Well it's massive, Lots of people may be wanting accom close to there IMHO

i was thinking north for the exact reason that you mention (proximity to the uni) Are the suburbs that i mention to far away?
 
Big fan of southport. Haven't spent enough time looking, but anywhere up to Labrador I'd be happy I think. Would much prefer to get a bit of land than a unit/apartment, but that is just me!
 
i was thinking north for the exact reason that you mention (proximity to the uni) Are the suburbs that i mention to far away?

i was thinking north for the exact reason that you mention (proximity to the uni) Are the suburbs that i mention to far away?

There is a fair bit of land around Hope Island and possibly ripe now for development, so I would tread carefully.

Runaway bay in my opinion is a good owner occupier suburb and there is older stock worthy of renovation, seems like also you can still pick up something cheap on the water,

park-wood is a popular suburb for uni share rentals.

Something to bear in mind is fair amount of unit development coming into southport and with the new light rail uni students may prefer to reside here instead of share houses but who really knows.

We are not buying in this area but if I was I would be buying house and land in southport and waiting to see what the games bring and also the job growth sector on this part of the coast in the next few years.

This was what I observed from my short time there , someone local may be able to elaborate more
 
Hi

I suggest that the Gold Coast is overdue for a comeback. Check out the asking prices for townhouses/ units compared with say 2004/2005 - well down in absolute terms, and massively down in real terms.

I bought two townhouses late last year, but I'm not convinced that the Games will add much to the prices.

And although the rental yield/s are great, I have found that the tenants are mainly short term renters in low income, casual / seasonal-type employment.

We recently painted/ carpeted/ blinds/ curtains to a 3 bedroom townhouse close to Uni/ Hospital, and we had one application.

I guess that unit/ townhouse prices are sooo low, relatively speaking, and interest rates low, then people in secure middle income jobs will now buy rather than rent.

Unfortunately the ocean liner terminal did not proceed, but maybe the proposed casino will get the approval. In addition Mayor Tait is a developer so he will push for new developments/ constructions.

Good luck.

Tony
 
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