The Gold Coast continues to be one of the most appealing locations to live and visit in Australia and as a result, buying property on the Gold Coast is seeing significant interest for expats living in UK, USA, Hong Kong, Singapore and other areas.
The entire South East Queensland region has seen a large population influx since the beginning of 2020, in what was really a trend that has been happening for a number of years. Given that it is only an hour’s drive from Brisbane, property on the Gold Coast is appealing to both investors and owner-occupiers alike while its combination of great weather and amazing lifestyle make it a holiday location for many.
Investment Property Gold Coast
Most people associate the Gold Coast with the glitzy high-rise apartments situated along Surfers Paradise. While these might be appealing, history suggests these are not the types of properties you want to be purchasing as an investor.
While the region itself is highly appealing and is seeing strong population growth, it’s important that you invest in properties that have the potential for long-term capital growth.
A small boutique apartment development, aimed at the higher-end owner-occupier market is a far better investment than a large high rise with hundreds of units in it. By appealing to an owner-occupier, such as a downsizer or retiree, you are able to capitalise on what is clearly an in-demand location without sacrificing the quality of the actual investment property itself.
Generally speaking, large high-rise apartment buildings are not suited to owner-occupiers and are simply an investor product. These are common on the Gold Coast. When the time comes to sell these can be difficult to sell as they are not unique and you are only able to on-sell to other investors.
Similarly, there is a lot more to the Gold Coast than Surfers Paradise. The region runs through multiple beach-side locations such as Mermaid Beach, Burleigh Heads, Palm Beach and Tweed Heads. All of which offer excellent investment opportunities for the Gold Coast.
Buying Property on the Gold Coast
Increasingly, we’re seeing evidence to suggest that the Gold Coast economy has diversified significantly and it is far less reliant on tourism than it was even a decade ago. However, as we’ve seen in the recent 18 months, locations such as the Gold Coast are becoming increasingly appealing to people wanting a combination of a sea change and affordability and that will clearly benefit the Gold Coast going forward.
In this week`s Q&A, we`re tackling a query from one of our viewers:
"Will I be required to pay 50% more tax on the capital gain from my property sale?"
The Capital Gains Tax Discount, overseen by the Australian Taxation Office (ATO), is a tax concession for individuals, trusts, and complying superannuation funds who sell certain assets and result in a capital gain. This discount effectively reduces the taxable portion of the capital gain, providing relief to taxpayers.
It`s essential to remember that tax laws and rates are subject to change over time. Therefore, we strongly advise seeking guidance from a qualified tax professional to obtain the most current information and personalized advice tailored to your circumstances. Should you have any further questions, please feel free to reach out to us.
#tax #australia #discount #finance #financialplanning #aussieexpats #property #investment #assets #taxplanning #advice #strategy #wealth #building #growth #success
In this week`s Q&A, we will answer a question from one of our viewers.
"How can I further reduce my monthly mortgage payments?"
You can consider several options to reduce your monthly mortgage payments. One is refinancing to secure a lower interest rate or extending the loan term for more manageable payments spread over a longer period.
However, it`s important to be mindful that adjustable-rate mortgages may offer initial relief but could result in potential interest rate hikes later on.
Therefore, it`s crucial to carefully evaluate the long-term impact of each option and consider consulting with a financial advisor or mortgage professional to determine the best course of action based on your circumstances. If you have any questions or need personalized information, please don`t hesitate to contact us.
#mortgage #australia #refinance #finance #investment #realestate #property #advice #strategy #homeloans #mortgagetips #financialplanning #home #future #growth #success #portfolio
In this week`s Q&A, we will answer a question from one of our viewers.
"How can I use debt recycling to reduce my home loan?"
Debt recycling is a financial strategy where you leverage the equity in your home to invest in income-generating assets. However, it`s important to consider the risks involved, such as potential fluctuations in investment returns and interest rates.
Consulting with a financial advisor or mortgage broker can help determine if debt recycling suits your financial goals and circumstances. If you have any questions or need personalized information, please don`t hesitate to contact us.
#australia #finance #mortgage #advice #investment #realestate #property #investor #strategy #financialplanning #wealthbuilding #debtfree #growth #debtrecycling #debtreduction #financialfreedom
In this week`s Q&A, we will answer a question from one of our viewers.
"Will future interest rates create more opportunity for middle-range income earners to invest in property?"
Lower interest rates generally make borrowing cheaper, potentially increasing accessibility to property investment, but the overall economic environment, housing market conditions, and government policies also impact affordability and investment incentives.
If you have any questions or need personalized information based on your circumstances, please don`t hesitate to contact us.
#australia #economy #finance #investment #realestate #financialplanning #propertyinvestment #home #mortgage #advice #strategy #opportunity #growth #financialfreedom
As we navigate the dynamic landscape of the Australian economy, staying informed and engaged is essential. With that in mind, I`m excited to invite you to our upcoming Quarterly Review, scheduled for 20th/21st February.
We will delve into the current state of the Australian economy, shedding light on the challenges and opportunities within the mortgage finance market amidst these extraordinary times.
To secure your spot, please register through the following link: https://rebrand.ly/Feb2024_quarterlyreview
If you have any questions or concerns, please don`t hesitate to reach out.
#australia #economy #finance #inflation #global #wealthbuilding #growth #financialplanning #investment #realestate #strategy #advice #investor #success #homebuying
In this week`s Q&A, we delve into a viewer`s query regarding potential windfalls for Australian expats earning in US dollars.
The value of the Australian dollar is subject to a complex interplay of factors, including interest rate decisions, economic indicators, commodity prices, central bank policies, political stability, and market speculation.
These elements collectively influence the performance of the AUD in currency markets. Notably, Australian expats earning in US dollars may find favourable conditions, particularly when contemplating future investments such as homes or properties in Australia.
The dynamics of these factors could provide a beneficial tailwind, enhancing the potential outcomes for expatriates considering financial moves back home.
If you have any questions or need personalized information based on your circumstances, please don`t hesitate to contact us.
#australia #economy #finance #investment #realestate #currency #growth #strategy #advice #financialplanning #propertyinvestment #2024 #wealth #future #sydney #brisbane #dreamhome
In this week`s Q&A, we will answer a question from one of our viewers.
"Will the Australian Dollar fall further?"
Predicting currency movements is highly uncertain and influenced by numerous factors such as economic indicators, geopolitical events, and market sentiment.
Various factors could affect the Australian dollar in 2024. These include changes in interest rates, global economic conditions, commodity prices and government policies.
If you have any questions or need personalized information based on your circumstances, please don`t hesitate to contact us.
#australia #economy #finance #inflation #currency #investment #financialplanning #advice #strategy #planning #future #wealth #success #investor #currencyexchange #growth #propertyinvestment
In this week`s Q&A, we will answer a question from one of our viewers.
"Will housing prices decline now that interest rates are high?"
While higher rates can increase borrowing costs and potentially dampen demand for homes, the effect is nuanced. High-interest rates may seem like a disadvantage for those who need to take out a loan or buy something on credit, but investors can benefit by planning ahead and investing in suitable types of investments.
If you have any questions or need personalized information based on your circumstances, please don`t hesitate to contact us.
#australia #finance #economy #investment #realestate #wealth #mortgage #firsthome #financialplanning #future #success #property #strategy #sydney
