QLD Gold Coast Property News 2016

Discussion in 'Where to Buy' started by big max, 2nd Jan, 2016.

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  1. big max

    big max Well-Known Member

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    big max, 22nd Dec, 2016
    #661
  2. Whiteman

    Whiteman Well-Known Member

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    Interesting interview between a NSW real estate agent and Louis Christopher of SQM Research who provides the Boom and Bust Report, towards the end of the interview (at the 10min 45sec mark if you wish to fast forward) he says Gold Coast and Hobart are the markets to be in, in the next two years with the best prospects nationwide.
     
    Whiteman, 22nd Dec, 2016
    #662
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  3. big max

    big max Well-Known Member

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    I actually agree with almost everything in there, including also the view on Perth.
     
    big max, 22nd Dec, 2016
    #663
  4. MTR

    MTR Well-Known Member

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    So this is what he is stating I think in a nutshell

    • Sydney inner city to outperform outer suburbs in Sydney
    • 2017 - will still be a strong year for Sydney and Melbourne, however if there were a variable interest rate increase this market will soften in 2017
    • Sydney and Melbourne is 40% overpriced including global markets, any triggers could cause falls.
    • Potential we could still see Syd and Melb market slow down last quarter of 2017.
    • Perth is a no go zone in 2017 as expecting prices to continue to fall. 2018 Perth market will hit bottom
    • Brisbane will have only single figure growth in 2017 because there is too much oversupply of apartments which is impacting on the market as a whole.
    • Tasmania and Gold Coast have seen some growth and this should continue in 2017 and the markets which provide better opportunities.
    • So Adelaide did not even get a mention? So I guess they don't see much happening in 2017, don't know?
     
    MTR, 22nd Dec, 2016
    #664
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  5. kierank

    kierank Well-Known Member

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    Where is Adelaide?
     
    kierank, 22nd Dec, 2016
    #665
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  6. big max

    big max Well-Known Member

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    ASF resort: Trams tipped to solve Spit traffic woes | Gold Coast Bulletin

    THE ASF Consortium is considering paying for a light rail connection to its $3 billion integrated resort on The Spit to end the long-running row over traffic congestion.

    While it is yet to reveal full details of how it would reduce traffic jams, ASF plans include a tram connection at least as far north as Sea World, as well as a ferry terminal.

    It is understood the connection would be a spur from the existing line.​
     
    Last edited by a moderator: 11th Jan, 2018
    big max, 23rd Dec, 2016
    #666
  7. big max

    big max Well-Known Member

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    big max, 24th Dec, 2016
    #667
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  8. big max

    big max Well-Known Member

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    big max, 25th Dec, 2016
    #668
  9. big max

    big max Well-Known Member

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    big max, 26th Dec, 2016
    #669
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  10. big max

    big max Well-Known Member

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    McGrath is picking Mermaid Waters as the best pick in Australia for 2017. Mark my words - big money to be made next few years on the Gold Coast:

    House prices Australia 2017: Sydney, Gold Coast property prices to rise, Melbourne to slow

    The best performing property market in 2017 will be the Gold Coast, with Mr Birch predicting 10 to 20 per cent growth in the sunshine city.

    “I am seeing the same thing which was happening in Sydney in 2012 happening in the Gold Coast and the fringe suburbs of Brisbane right now. The buyer activity there is very strong.”

    He said the Gold Coast is set to play a huge amount of catch-up after the market dropped off post GFC.​
     
    Last edited by a moderator: 11th Jan, 2018
    big max, 26th Dec, 2016
    #670
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  11. big max

    big max Well-Known Member

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    big max, 27th Dec, 2016
    #671
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  12. big max

    big max Well-Known Member

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    Some unsettling news for some involved with this deveopment in Robina not the least the developer who has had a builder they used go into liquidation.

    My view is that this has nothing to do inherently with the market in Robina, indeed this will (or would have been) highly profitable for the developer but they should have done their due diligence on the builder. Still if they structured their payments properly the developer should not be too much out of pocket, where's the subcontractors to the builder defiantely will be (again their own fault for not doing their due diligence and/or structuring their contracts and payments appropriately, but I feel sorry for them nevertheless).

    www.goldcoastbulletin.com.au/business/subbies-confront-worst-fears-as-unlikely-to-be-paid-this-christmas/news-story/2c000dc034de70ee292a0dbf35268e0b
     
    Last edited: 27th Dec, 2016
    big max, 27th Dec, 2016
    #672
  13. big max

    big max Well-Known Member

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    Gold Coast's motorsports heaven | Gold Coast Bulletin

    Gold Coast’s far north on track to become motorsports heaven with new karting facility

    [​IMG]
    THE Gold Coast is positioning itself as Australia’s No.1 motorsport city with world-class attraction aimed at revhead tourists and producing the world champions of tomorrow.

    The multimillion-dollar, state-of-the-art karting precinct is proposed for a site at Stapylton.

    The Gold Coast Kart Club has submitted a development application to the Gold Coast City Council for the complex which will feature a 1.3km track, clubhouse and driver education centre.​
     
    Last edited by a moderator: 11th Jan, 2018
    big max, 27th Dec, 2016
    #673
  14. big max

    big max Well-Known Member

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    big max, 29th Dec, 2016
    #674
  15. big max

    big max Well-Known Member

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    Hong Kong tycoon Tony Fung planning a world ... - Gold Coast Bulletin

    HONG Kong tycoon Tony Fung is planning to build a beachside six-star hotel on the Gold Coast.

    Mr Fung’s Aquis Australia will today announce plans prepared by architects Wood Bagot for a $440 million hotel overlooking Main Beach, just south of Macintosh Island Park.

    Plans show the slim tower will be 48 storeys, include more than 500 rooms and feature five world-class restaurants. A wraparound pool with views of the ocean and sitting above a spectacular l glass-encased podium several levels above the footpath is also included.​
     
    Last edited by a moderator: 11th Jan, 2018
    big max, 29th Dec, 2016
    #675
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  16. big max

    big max Well-Known Member

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    big max, 29th Dec, 2016
    #676
  17. tomlemke

    tomlemke Well-Known Member

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    Whats your thoughts on this one @big max? looking to hold until around 2020 depending on growth, i have noticed its been for sale for a while. Location seems good
    9 Cabarita Street Biggera Waters Qld 4216 - House for Sale #124034330 - realestate.com.au
     
    tomlemke, 30th Dec, 2016
    #677
  18. big max

    big max Well-Known Member

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    big max, 31st Dec, 2016
    #678
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  19. big max

    big max Well-Known Member

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    big max, 31st Dec, 2016
    #679
  20. big max

    big max Well-Known Member

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    I like the size of the block.

    Long term I think this location will get increase in value both on development potential, proximity to Brisbane, growth of southport, closeness to water etc.

    Short term it should be easier to improve the surrounding area just by growing proper grass.

    I think for a property like this you can come in and make a lowball offer and see if it hits.

    If it's solid and no maintainence then an easy renter but you would have to be selective with the tenants you choose.
     
    big max, 31st Dec, 2016
    #680
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