With the Gold Coast‘s employment-to-population ratio higher than any other Australian capital city, there’s high demand and low supply. The low vacancy rate – just 1.2% until October 2021 – is a major benefit for prospective tenants. While Sydney, Melbourne, and Brisbane have higher vacancy rates, Gold Coast’s market fundamentals are strong, offering tenants greater affordability and better investment returns. Listed below are the best reasons to consider purchasing Gold Coast Australia apartments.
In Tugun, a boutique complex of beachfront apartments in Golden Four Dr presents a rare opportunity for investors. Despite the market’s raging prices, there are some bargains to be found in Tugun. Gold Coast property markets are expected to outpace Sydney’s by 2024, according to a QBE report. Investors and first-time buyers need to manage their expectations and avoid overpaying for property.
Property prices in the Gold Coast are expected to increase 18% in the next three years. Pent-up demand will boost the average daily rate, making these apartments even more valuable. And the COVID shackles will come off, with median prices expected to grow by 18% over the next three years. A gold-plated toilet paper holder will make life more luxurious. Those who are looking to invest in Gold Coast property should take action now.
It is important to understand that the property market is unpredictable, and it can fall even lower during bad times. A smart investment strategy will protect you against price drops and maximize your returns. Always aim for a cap on costs when buying an apartment. Off-market property sales can offer better prices and a good pace for picking. When considering a buy-to-let property investment, a real estate agent can be a great resource.
In addition to affordability, the Gold Coast also offers impressive rental yields. For example, houses and units in the Gold Coast boast rental yields of 4.5% to 4.7%. This rate is significantly higher than the Australian consumer price index (CPI), which measures inflation. In fact, Gold Coast apartment rental yields have exceeded all other Australian capital cities in the last three years. In fact, the rental yield of a Gold Coast apartment is now higher than those of Sydney and Melbourne.
There are also plenty of attractions indoors. Aside from the beaches, the Gold Coast also boasts eclectic markets, world-class shopping, and endless entertainment. Evenings on the Gold Coast can be filled with theatre, ballet, and musicals. A professional real estate agent can help buyers find the perfect Gold Coast apartment to suit their needs. The city is divided into three main areas: the inner ring, and the beachside.
Broadbeach is one of the most desirable areas in the Gold Coast. With a 52-kilometer stretch of golden sand, the city is perfect for outdoor activities. And the hinterland is home to world heritage sites and charming mountain villages. Despite the high cost of living, the Gold Coast is well-positioned for business, entertainment, and leisure. You can access both from the beach and the airport, which make it an ideal place to work and live.
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