QLD Gold Coast Market?

Discussion in 'Where to Buy' started by Mermaid, 24th Aug, 2019.

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  1. innovatism

    innovatism Well-Known Member

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    Also, in terms of growth, which one is better as per current market scenerio. I think, sunshine coast grew more than Gold coast even in recent years. Both places have great rental yield. How much money would be good to get good returns if I can afford. For example: Is it wise to go for properties upto 450k as they have more scope/potential to grow or to go for better properties (Location, more land, renovated etc) with 100K more budget? Also, what suburbs are best in both Goldie and sunshine coast for investment. I have found few good properties with great rental yield (4.5-5 percent) in upper coomera (upto 550k), but I am really not sure how much it can grow.This would be by first home and I want to do it right to build good equity over the years. I am doing lot of research, although a long way to go, i know.
     
  2. kierank

    kierank Well-Known Member

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    You don’t really expect me to post that suburb on PC, do you?

    I will once I have completed all of my transactions (and if I remember) ;).
     
  3. innovatism

    innovatism Well-Known Member

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    This was literelly my first post here, as I said , a newbie, so yes I expected at least a rough idea on suburbs ;) Fair enough though, I hope you would remember. ;)
     
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  4. Codie

    Codie Well-Known Member

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    Gotta be Hamilton/Ascot? I can think of a couple that have done 30% but 50 has me scratching my head!
     
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  5. kierank

    kierank Well-Known Member

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    All shall be revealed, in the goodness of time :D.
     
  6. Joker

    Joker Active Member

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    Speaking from experience I would stay away if your after capital growth.
     
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  7. innovatism

    innovatism Well-Known Member

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    Thanks for suggestion, any particular reason?

    And in your opinion, which suburbs are best to grow under 500k budget? In both, sunshine and gold coast? Prefrebly with positive gearing.
     
  8. Joker

    Joker Active Member

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    Too much available land in the area. If your buying a new house and land your paying premium price. I am no expert in Qld. I owned an IP in Upper Coomera and regretted it.
     
  9. Rich2011

    Rich2011 Well-Known Member

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    It's hard to find positive cash flow on the Gold Coast. Head to Brisbane and you can find it, and possibly buy two properties for $500,000!
     
  10. jt3427

    jt3427 New Member

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    Gold Coast won't boom at all.
     
  11. innovatism

    innovatism Well-Known Member

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    My main focus is growth and positive cash flow will be an add on.
     
  12. innovatism

    innovatism Well-Known Member

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    Again on what basis?? If you see last few years stats, gold coast did well and Sunshine coast did even better. May be it wont boom all of a sudden but there will be a steady growth as it is a popular tourist destination and proximities to beaches.
     
  13. The lucky duck

    The lucky duck Well-Known Member

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    We were thinking about a unit. Maybe in Broadbeach. What do you think? Cheers
     
  14. kierank

    kierank Well-Known Member

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    My property investing guidelines are:
    1. Buy houses before units (due to the land content).
    2. If one is going to buy units, then buy the whole block (due to the land content).
    3. If one is going to buy a unit, then it has to have something special/be fairly unique.
    IMHO, for me to buy a unit on the GC, it would have to be south of Burleigh and be absolute waterfront.

    Based on the above, the answer to your question is a “No” for me.
     
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  15. D.T.

    D.T. Specialist Property Manager Business Member

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    You’re a smart cookie :)
     
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  16. kierank

    kierank Well-Known Member

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    ... who has made lots of mistakes (and probably still is) :eek:.
     
  17. Lacrim

    Lacrim Well-Known Member

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    Fast forward to today - what's happening on the ground? You locals getting long queues at OFIs?
     
  18. boganfromlogan

    boganfromlogan Well-Known Member

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  19. Lacrim

    Lacrim Well-Known Member

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  20. Yann

    Yann Well-Known Member

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    Still same crazyness continues, everything sells within a week or two around where I live. Asking prices have now significantly increased over the last year, 20% if not more, and become reality.
     
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