The Gold Coast Golden Era for Residential Investors
November 26 2021
A rise in residential property investment is a good indicator that the current Gold Coast property market is continuing strong as we head into the end of the year.
New research commissioned by Me Bank has been released ranking the top 20 suburbs across Australia for residential investment, the Gold Coast taking three spots on the list.
Burleigh Heads came in second place just under the Brisbane suburb of Woolloongabba, while Mermaid Beach took the 17th spot and Miami 18th place, showcasing the strength of the south-east Queensland market.
These numbers continue to confirm the predictions that the Gold Coast golden era is still active and may continue in the coming years with investors’ interests pointed at the Sunshine state.
The top 20 suburbs for residential investment were measured through a variety of combining factors, including new transportation and lifestyle appeals such as the availability of amenities like cafes and restaurants. Population growth, median house prices, average rental price and yields were also included among the range of criteria.
The Gold Coast light rail is a prominent factor for investors as it provides better connectivity to Coolangatta and Surfers Paradise for Burleigh Heads as well as Mermaid Beach and Miami.
Kollosche achieved a range of successful sales during the week with the hotly contested property of 2 Wildash Street, Southport selling over the weekend to a Sydney buyer for $12,250,000 in a sale by Michael Kollosche.
117 Sir Bruce small Boulevard, Benowa Waters sold off market for $4,250,000 a new record for the suburb by Sam Guo and Julia Kuo.
6 Ewandale Close, Clunes saw three registered bidders and a total of 64 bids before selling under the hammer $2,182,500 in a record-breaking sale for Clunes Village by Kim Jones and Karin Heller.
The waterfront block at 1B Rudd Street, Broadbeach Waters sold for 1,750,000 in a sale by Eoghan Murphy.
Our upcoming auctions this week are:
Whether you’re looking to buy or wish to sell, please reach out to our team for a discussion around your real estate goals.