Gold Coast/Sunshine Coast

Discussion in 'Where to Buy' started by Tobytom, 3rd Nov, 2016.

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  1. Tobytom

    Tobytom Well-Known Member

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    On the Adventure of IP1 and due to the growth and yield I am chasing (higher yield as cash flows are on the tighter side) looks like I will be looking around GC speaking to my BA

    Thoughts Property chatters on the region?

    Cheers
    TT
     
  2. Azazel

    Azazel Well-Known Member

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    Hey @Tobytom
    Plenty of threads around, you might find some information at:
    Gold Coast Property News - official thread
     
  3. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    GC and SC are very different animals

    ta
    rolf
     
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  4. Azazel

    Azazel Well-Known Member

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    True, very different drivers at the moment.
    GC has the Games, lifestyle for the SC I guess.
     
  5. Tobytom

    Tobytom Well-Known Member

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  6. Tobytom

    Tobytom Well-Known Member

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    Ok thanks Rolf. Will have more detail once more detailed plans come through. I guess it's more the concern as I reside in Melbourne and being suggested to invest in that part of Australia
     
  7. Luka

    Luka Well-Known Member

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    For longer term, it might be a good time to have a sniff around the Gold coast as there is a noticeable sudden increase in the supply of detached houses for sale on the northern end, quite a bit more for this time of year compared to the last two years, and taking longer to sell. There might be some haggling room now.

    As we are only a year-ish from completing the light rail and Com games, we are probably losing the investors interested in flipping. Beyond 2017/2018 there's not much left to keep anything going
     
    Last edited: 4th Nov, 2016
  8. Mel_C

    Mel_C Well-Known Member

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    I agree that there is at least a year of good growth in the right areas. Maybe 2 . But yes once all the comm games light rail construction winds up there will not be any infrastructure projects happening on coast. There is record low vacancy rates as the tradies and construction workers are back at moment.
     
  9. Jamie Moore

    Jamie Moore MORTGAGE BROKER - AUSTRALIA WIDE Business Member

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    The latter is bloody expensive the further north you go.....as I'm now finding out :-(

    Cheers

    Jamie
     
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  10. Tobytom

    Tobytom Well-Known Member

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    Thanks Luka, good points
     
  11. Tobytom

    Tobytom Well-Known Member

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    And at my Price Point as my cash flows are tight so I am chasing a higher yield may mean I wont be going to far north (as per your challenges)
     
  12. big max

    big max Well-Known Member

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    What's your price point?

    I'm very bullish on Gold Coast. Not just next few years but rather over the next decade.

    Some basic suggestions. As close to beach as possible. If not beach side of highway then within 1km other side. Best yield combined with long term capital value are older low maintainace walk up apartments. Best areas are mermaid beach, Nobbys beach, Miami. Second Burleigh. 3rd palm beach. Best capital appreciation plus are beach side in these areas as older houses or fully owned duplex buildings.
     
  13. MyPropertyPro

    MyPropertyPro REBAA Buyer's Agents Sutherland Shire & Surrounds Business Member

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    I am wary of the SC for a number of reasons, although it's quite a big region and as always, there are markets within markets. It's still heavily a tourist market and suffered heavily post-GFC as southern holiday makers sold off their assets.

    If I had to invest there I would target further south in the areas that are commutable to Brisbane as this is quite a popular choice for many workers.
     
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  14. Tobytom

    Tobytom Well-Known Member

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    Hi Big Max,
    Looking at a older unit, around 300-350K
    Looks some excellent suggestions. Been Looking at Biggera Waters which appears to be the other end of the water line of GC
    Not sure if you are so bullish on this part of GC?

    Thanks BM
     
  15. Tobytom

    Tobytom Well-Known Member

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    Hi Andrew
    Thank you for your reply
    Been looking at Biggera Waters which appears to have good access to the M1 into Brisbane
    My take with GC is you need to get your timing right in the cycle as appears there can be good upswing growth initially then more steady growth - around the 5% (although I am not buying the whole Gold Coast market)

    Thanks Andrew, looking forward to any further thoughts
     
  16. Tobytom

    Tobytom Well-Known Member

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    Opinions on Biggera Waters and Mermaid Waters?
     
  17. big max

    big max Well-Known Member

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    For an an investment and capital gains I would say defiantely Mermaid Waters for sure.
     
  18. Tobytom

    Tobytom Well-Known Member

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    Thanks Big Max, appreciated
     
  19. Tobytom

    Tobytom Well-Known Member

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    And sorry any top line thoughts of Mermaid Waters?
     
  20. big max

    big max Well-Known Member

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    Something like this in my mind is the sweet spot:
    106 Dolphin Avenue Mermaid Beach Qld 4218 - House for Sale #123807530 - realestate.com.au

    Actually advertised as "Mermaid Beach" but in my mind and at least historically Mermaid was only beachside of highway.

    A place like the one above will have a higher yield, has long term development potential the land (yet is solid and can be sat on high yielding for years to come as is) and will have the light rail only a min walk away and Nobby shops etx right across the road.