Gold Coast Property Investment Overview

The Gold Coast is now Australia's sixth largest city and KPMG predicts it may overtake Adelaide to gain fifth place later this century. Experiencing similar population patterns, the Sunshine Coast current population of 303,050 is expected to rise to 520,500 by 2011.

Infrastructure and private investment is rising to meet growing migration. The Queensland government outlines major projects worth almost 8 billion dollars on the Gold Coast and close to 2 billion dollars on the Sunshine Coast, constructed or committed this decade. The Sunshine Coast is still growing substantially but not quite at the same rate as the Gold Coast. There is a lot more infrastructure on the Gold Coast and there are more projects which are creating a lot more work. It all comes back to the migration rate.

Recent completion of the Tugun Bypass will have a huge impact on the Tweed shire on the southern end of the Gold Coast. In addition the ongoing upgrade of the pacific highway will continue to drive property prices upwards. People are choosing to live on the Gold Coast and work in Brisbane because of the rail and motorway links, so suburbs at the northern end of the Gold Coast such as Helensvale, Carrara and further north to Coomera should see sound capital growth. The biggest issue facing the Gold and Sunshine Coast property markets is similar to the one debated around the nation: affordability.

Currently, an over supply of Gold Coast high rise apartments would suggest a softening in the Gold Coast unit market, particularly apartments in Surfers Paradise, Southport and Broadbeach areas which have the largest proportion of unsold unit stock. As always, ARPP recommends investors stick to house and land in the Gold Coast and Brisbane property markets.

For further information on property investment in Gold Coast suburbs and referral to a local real estate investment specialist Contact Us