It is probably the best time to buy the property, and there is no better place to begin with your investment than the Gold Coast. National and international investors are flocking to the city in record numbers and are surprised by the growth of property development Australia.
Investors are looking for a holiday home, buying up parcels of land, and planning their future. The opportunity has knocked with prices decreasing, interest rates at record lows and the local economy evolving. The Gold Coast Property market has never been so attractive.
The critical focus for property investors is buying where the growth will be. This means purchasing in areas that are close to significant activity centres. Due to this growth, the increase in population directly increases the demand for housing, which triggers demand for related infrastructure, creating an upswing in a local business. Here are some of the key growth areas on the Gold Coast:
Broadbeach Waters
Broadbeach Waters is home to the $6 million ‘Capital Gate,’ which towers 18 storeys above Bundall Road and has become a landmark within this area. Planned developments near this site include a Gold Coast International High School, childcare centre, local cafes, and retail outlets.
The area has already seen substantial growth, with the Arbour View Hotel being another landmark for this thriving suburb located at the entry point to Broadbeach from Coombabah. The hotel services an increasing number of high-rise residents in this area.
The development of the Gold Coast Motorsport Park (Australian rules football) in Pimpama is yet another step in the right direction for this up-and-coming suburb which has seen several new home sites released in recent months, including Meriton’s Birchwood Estate and LJ Hooker’s Coombabah Outlook.
Bundall
Bundall was traditionally one of the first suburbs tourists ventured to when they came to visit the Gold Coast. It is home to the world-famous beach, ‘Surfers Paradise,’ which has remained a household name throughout Australia since the 1960s.
Recently this suburb gained national interest with its 21-storey high-rise property development in Australia, modelled after New York’s ‘The Chrysler Building .’The $100-million-project has been approved, and construction will begin within five years.
Located near Broadbeach, Bundall is extremely popular with first home buyers and those looking for an investment property close to Surfers Paradise.
Southport
Located about 5km south of Surfers Paradise, Southport offers small coastal living with larger urban areas’ benefits. This area is home to the largest shopping centre, Pacific Fair Shopping Centre, which draws in over 13 million visitors annually.
The suburb offers several coastal living opportunities, from luxury homes to affordable rentals. It is the second-most densely populated area on the Gold Coast and has recently been earmarked as an economic hub for Australia’s small business sector.
Southport is so popular because it still maintains its beachside village atmosphere with shops, cafes, and restaurants lining Nerang Street, which is perfect for residents and tourists alike.
Helensvale
One of the first things you notice when driving into Helensvale is its picturesque setting, tucked under the hills and overlooking the pristine waters of Nerang River. Helensvale also has several quaint cafes, restaurants, and boutique shops that are popular among visitors.
The area is popular with families for its waterfront location and sporting enthusiasts who enjoy the Lakeview Sporting Complex and Gold Coast Hockey Centre.
In a nutshell, investors need to act now before the real estate industry in Australia increases leading to an increase in the prices drastically.
