QLD Gold Coast with a 5 year outlook.

Im more concerned with the rising crime in Brisbane turn on the news this morning and another awful crime against a child in Brisbane .

I understand what you are all saying about the jobs but Im not a stripper or drug dealer and I work here It just takes a little longer to find one.

There are 5 hospitals here ( a new one being opened next year) and 2 major universities are based here as well. I do think though it would be great if more major businesses relocated here with an international airport and great lifestyle I dont see why you would not.

 

Lots more business coming. Some of it is local SMB. Some of it is just related to supporting the population growth. But yes I am sure we will see some big corporations based on the Gold Coast over time. I know one biggie right now carefully considering making the Gold Coast as their Australian base.

Some of this comes down to cost. Some of it is talent. Some is the local and state government providing the right incentives. And some of it really is just down to the senior execs of the company liking the Gold Coast as a place to live

 

And right on point...

Brisbane takes top foreign investment strategy award

All looking very good for Brisbane/Gold Coast.

 

this is a nice little coup for Brisbane, especially given the size and quality of the competition it beat.
Not bad for a country town...

 

@big max
Further, the article quoted the strategy of attempting to be a gateway between the stuff down south (syd, Mel etc) and Asia.
If they can accomplish that gateway as true gateways/hubs like Dubai, Singapore, Miami have done...then Brisbane would have hit the jackpot..just like those hubs have...nowhere near that at the moment, but at least they have the strategy and vision right...it's actually refreshing to see a city that has some vision... and the foreign direct investment also agrees as can be seen not only by the ranking in the article, but also by the fact that a lot of infra that is being currently developed is also by foreign investment.. And that trend seems to continue.

 

I am enjoying this thread, and also enjoyed 3 days on the GC this past weekend (more social / short-break driven than property).

A question for locals in the know (@Mel_C ), those who follow this market closely, and just those with any insights; what are forumites' thoughts on Coolangatta? (Aka 'Coolie')

Didnt want to start a whole new thread on Coolie so I thought I'd ask here. Would love to know:

-Growth drivers (Do Coolie folks commute up to surfers for work? Work locally in Tweed Heads? Byron?)

-Unemployment and socio eco. I have my own observations but want to hear others' thoughts

-Crime 'vibe' (I can source stats but what is the vibe from locals on this)

- How you would rank/preference Coolie over other areas in the region for investment? (I.e. Tweed, Byron, Burleigh, Surfers etc.)

 

Byron isn't really that close, and there would be plenty of people looking for work there already. Plenty of people not looking for work as well I suppose.

 

Hi Steven. What are your impressions now that you've settled a little?

 

Coolie is beautiful whenever I ask people where they would ideally want to live on the coast its Coolie and Currumbin. Bit more chilled out down south but of course the problem is finding work you just cant do the commute to Brisbane from down there if you need to. I worked in Coolangatta for a number of years and recently it has really come into its own with new restaurants and cafes. Most "tweed" locals do stick to that end of the coast and work down there. I think Big_Max put this article up somewhere
No Cookies | Gold Coast Bulletin

You can see Coolangatta has had pretty good growth already. Just buy as close to the beach as possible and you wont have any problms renting out your place. But yes the tweed and coolangatta do have some low socio economic areas so just do your due dillegence. But it is not a crime hotspot. Watch the news most things happen in Southport But its not been a bad place to invest either

 

Not good. At least the scumbags can't afford to live too close in.
And it's usually one of the regular dodgy places.

 

Thank you for the local insight @Mel_C !

 

Yeah, Palm Beach is Ok, but there are still some ferals around there.
Just that little bit further South to Currumbin is nice, the beach is awesome down there.

 

At Rethink Investing, We are buying many properties on the Gold Coast at the moment.

The Gold Coast is one of the tightest rental markets in Australia, particularly in the three bedroom townhouse market.

As a result of vacancy rates below 0.6%, we have seen rents increase from around $350 in complex's to $380-$390 in lest than 12 months. As these yields increase more investors will chase these types of properties. This increase in demand will continue to push prices up.

Interestingly although investor activity is increasing significantly, the vacancy rates remain incredibly tight despite more rentals being available on the market.

In summary at there could be a great deal of growth for the Gold Coast to come. Just remember.... Never go near units on the Gold Coast, oversupplies could ruin the party for investors who choose the wrong types of products.

Scott O'Neill

 

How will the yield increase, won't yield go down if the the prices get pushed up?

 

Yields are holding firm because rents and prices are going up at once. This environment cannot last forever, but as long as the vacancy rates remain tight, investors will get the results they want.

 

Here you go always full of quality journalism the bulletin has a story on the GC's mugging hotspots As predicted Southport No1. No Cookies | Gold Coast Bulletin

 

I agree 100% with these observations.

The yields on my places are all around 5% net (except for some which are beach side of high way land value plays where yields are 3ish % - basically older houses on valuable land bringing in a bit of holding cash).

Rentals go real real quick. Maybe I've been lucky but I've had really decent tenants since I started investing. I've put up rents every time a tenant moves out. And make just mild increases in existing tenants.

I do have some units also but all are lowrises and older blocks, not the new stuff coming on. Having said I must say I'm tempted by the new Jupiters casino / serviced apartment plans. Let's see the pricing on that - I might take a punt.

 

Queensland's golden property triangle - The Experts | Switzer

 

Loo