After being in a state of slumber for quite a while, the Gold Coast property market is finally showing signs of movement.
This is largely due to the upcoming 2018 Commonwealth Games.
Real estate agents across the Gold Coast are reporting significant increases in enquiries and sales. With Pimpama, Pacific Pines, Runaway Bay noted as hotspots.
According the PRDnationwide research, this growth is tipped to continue to grow not only in the lead up to games but well beyond it. National research manager from PRDnationwide, Diaswati Mardiasmo claims both the Sydney and Melbourne property markets were boosted after Olympic and Commonwealth games were held in each city. Read the report here.
This growth will be helped along with $950 million worth of new infrastructure projects in the pipeline for the city with new developments at Southport, Carrara, Broadbeach, Ashmore and Coomera.
This is great news for gold coast property investors and owners alike. With movement in the property market and interest rates still at a record low, now is definitely the time to move if you are considering adding to your property portfolio or buying a new home.
As your home loan specialist servicing these hotspots we would love to answer any questions you have about taking out a new investment loan or reviewing your existing loan to make sure it’s the best deal for you. Give us a call today on 1300 730 858