QLD Gold Coast Property News

Discussion in 'Where to Buy' started by big max, 2nd Dec, 2015.

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  1. big max

    big max Well-Known Member

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    Absolutely agree. That's where I'm buying. Also as close as possible other side of the highway. Lower entry price and clearly that will move up also as beachside is pretty tightly held.
     
  2. big max

    big max Well-Known Member

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  3. big max

    big max Well-Known Member

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  4. big max

    big max Well-Known Member

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  5. big max

    big max Well-Known Member

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  6. big max

    big max Well-Known Member

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  7. big max

    big max Well-Known Member

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  8. big max

    big max Well-Known Member

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    Bender12 likes this.
  9. big max

    big max Well-Known Member

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  10. PatsyStone

    PatsyStone Well-Known Member

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    It's mostly high rise with expensive body Corp.
    Main Beach retail strip has died. It's full of empty shops .
    It has lost its ambience and needs a new direction.
    There are no conveniences there ...none! It is not close to the popular "G" light rail.
    As a buyer I considered Main Beach it's quiet and well maintained . I like convenience too.
    I would spend a fair amount of time driving into Surfers or up to Southport in some nasty traffic at wrong times.
    Where as Broadbeach and Burleigh are full of conviences .
     
  11. big max

    big max Well-Known Member

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    Main beach will bounce back. It has to. Along with the entire spit that will be redeveloped. But yes the area between Broadbeach and Burleigh is where all the investment action is right now.
     
  12. PatsyStone

    PatsyStone Well-Known Member

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    It's too expensive ....isn't it?
    Houses in a good or reasonable street in these areas are over $700,000 . These are not water blocks. For a canal or River add another $100,000 plus . Naturally that's not beach side either. Forget beachside for houses .
    If they are in the $600,000 range or less they are renos and mostly far beyond cosmetics.
    The rental returns are unimpressive .
    The rental return for units in these particular suburbs is also unimpressive.
    Body corps even in walk ups ( personally I wouldn't consider anything else) blow out the return .
    I looked at a horrible house recently in Broadbeach Waters. It was small, ugly very little land. Horrible lay out . It backed on to a canal but big drop down so no access and on a very busy road .
    Cometics alone could not save it . Basically you could only build up.
    I can't recall the price exactly but over $700,000. It would chew up over $100,000 and still be less than average . Been seeing a bit of this lately . To me these prices don't make sense.

    Other less trendy non beach suburbs show much better rental returns for units . Arundall being one of the suburbs.
    For a rental investment I'd look near the Unis and possibly the university hospital .
    Southport seems affordable , it's on the rail line and close enough to Giffith . It's got all the facilities needed and minutes to the beach . I think if you could score an old style qld house in a good street. You might see ok growth.
    Budds Beach is a little gem. If at all possible to find a house to Reno it might be great but rather pricey.
    There could be a bit more growth in the next 6 months . It might be substantial .
    I'd buy now if I could even though it seems too late for the big profits this time around.
    As I said I don't know much about the GC market.
    Happy to learn more.
     
  13. big max

    big max Well-Known Member

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  14. OC1

    OC1 Well-Known Member

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    How are prices going around the Tugun/Coolangatta areas?
     
  15. big max

    big max Well-Known Member

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    Both picking up solidly since around 2012. Probably good value as places closer to Burleigh/Miami etc get a little pricy
     
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  16. big max

    big max Well-Known Member

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  17. big max

    big max Well-Known Member

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    Super strong performance for good coast tourism in 2015. And even better outlook for 2016. By mid 2016 we should really be seeing the multiplier effect of more money being pumped into and circulated in the economy.
     
  18. big max

    big max Well-Known Member

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    And last of all Gold Coast farmers also had bumper year in 2015. Great news!
     
  19. big max

    big max Well-Known Member

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  20. Player

    Player Well-Known Member

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    Hi BM. Still not near the dizzy highs. This is an iconic Hamptons home on a double block. It's priced about right for the times.
    Things are definitely improving though.
     
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