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.