Comments on: Property Market Hotting up in Australia http://www.rbaproperty.com.au/blog/7/property-market-hotting-up-in-australia/ Building Wealth With Property Thu, 30 Jul 2009 12:10:26 +0000 http://wordpress.org/?v=2.8.3 hourly 1 By: Property Guru http://www.rbaproperty.com.au/blog/7/property-market-hotting-up-in-australia/comment-page-1/#comment-3 Property Guru Thu, 30 Jul 2009 12:10:26 +0000 http://rbaproperty.com.au/blog/?p=7#comment-3 Hi Sarah, I will answer your question in detail below. In Gold Coast the property market upto around $600k has been quite strong for the last 15 months. There are pockets along the 42km on the Gold Coast where there has been oversupply of apartments. Places like Hope Island and surrounding areas have seen prices drop between 20-40%. Stay Away Currently for an investor the good places to consider are: 1. Southport (and surrounding suburbs). Southport is the commercial center for the Gold Coast region. A new Gold Coast hospital is being built there which should add around 5000 jobs in the area. It has excellent transport links and good schools and shopping centres. 2. Main Beach and Surfers Paradise area. The Cavill Street Mall areas is the popular tourist area and the heart of Gold Coast. This area is next to the beaches and close to Southport. There is always strong demand for property in this areas and the rentals are high. An investor can get returns of around 6% plus for 1 bedroom apartments. Capital Growth will be strong as there is an influx of 300 new migrants to this area every week. Also it is very popular tourist destinations and holiday letting provides excellent returns. I recommend you get used to the area first by renting out as a permanent rental and as the economy picks up then consider holiday letting. In Brisbane any area within 5 km of the CBD is a good buy. Close to water (Brisbane river) will differentiate your investment property from the others and get you good capital growth. I have a special detailed report for the Brisbane property market for investors, if you are interested I can send you that report. Happy Investing Hi Sarah,
I will answer your question in detail below.
In Gold Coast the property market upto around $600k has been quite strong for the last 15 months.
There are pockets along the 42km on the Gold Coast where there has been oversupply of apartments.
Places like Hope Island and surrounding areas have seen prices drop between 20-40%. Stay Away
Currently for an investor the good places to consider are:
1. Southport (and surrounding suburbs). Southport is the commercial center for the Gold Coast region.
A new Gold Coast hospital is being built there which should add around 5000 jobs in the area. It has excellent transport links and good schools and shopping centres.
2. Main Beach and Surfers Paradise area. The Cavill Street Mall areas is the popular tourist area and the heart of Gold Coast. This area is next to the beaches and close to Southport. There is always strong demand for property in this areas and the rentals are high.

An investor can get returns of around 6% plus for 1 bedroom apartments.
Capital Growth will be strong as there is an influx of 300 new migrants to this area every week. Also it is very popular tourist destinations and holiday letting provides excellent returns. I recommend you get used to the area first by renting out as a permanent rental and as the economy picks up then consider holiday letting.
In Brisbane any area within 5 km of the CBD is a good buy. Close to water (Brisbane river) will differentiate your investment property from the others and get you good capital growth. I have a special detailed report for the Brisbane property market for investors, if you are interested I can send you that report.
Happy Investing

]]> By: Sarah Brown http://www.rbaproperty.com.au/blog/7/property-market-hotting-up-in-australia/comment-page-1/#comment-2 Sarah Brown Wed, 29 Jul 2009 07:05:14 +0000 http://rbaproperty.com.au/blog/?p=7#comment-2 Hi, Could you please tell me which is the best place to buy in goldcoast and brisbane. I am looking for a high return investment property with good property growth. Thanks Sarah Hi,
Could you please tell me which is the best place to buy in goldcoast and brisbane. I am looking for a high return investment property with good property growth. Thanks Sarah

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