Gold Coast is a great place to live. With its beautiful beaches and stunning hinterland blended with wonderful weather; this SE corner of Queensland is consider by many - A slice of paradise.
Combine this with Gold Coast’s successful bid to host the 2018 Commonwealth Games and the Gold Coast is definitely on the radar of many investors.
PRDnationwide’s Residential Property Impact Report predicts the Games will have a positive effect on the Gold Coast property market.
Melbourne, after 2006 Commonwealth Games and Sydney, after the 2000 Olympics both sore an increase in both house and unit prices in the lead up to and after their events.
According to Greg Braithwaite, PRDnationwide QLD Franchise Director, “It is expected that the Games will also have a positive impact on the property market of other cities” as well as the host city. The Commonwealth Games will also be hosted in venues across Brisbane, Cairns, and Townsville. The Sydney Olympic Games positively influenced the Brisbane property market, due to an event (a soccer game) being held in Brisbane. It is expected that the Games will also have a positive impact on the property market of other cities”.
The improvements to public facilities, transport, green spaces as well as fantastic sporting facilities have provided many job opportunities for those in construction. This in turns leads to an increase in the demand of homes to purchase and to rent. Other proposed projects that are on the table like the Gold Coast Integrated Resort mean the growth of the Gold Coast will continue past 2018.
The new look Gold Coast with the legacy infrastructure from the Commonwealth Games will make our home city the place to be…but we already knew this.
If you are considering an investment property on the Gold Coast or maybe one of the other host cities and would like to crunch some numbers give Mortgage Choice in Mudgeeraba a call today Ph. 5559 2563.
As your local mortgage broker with over 15 years’ experience, we look forward to chatting with you.