A property boom on the Gold Coast is attracting investors back to the market in the wake of historically low rental vacancy rates.
Tony Ashwin, of Ashwin Property, says increased yields, rising property prices and bullish forecasts, are seeing a return of investors after a post-Covid hiatus.
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Mr Ashwin says a notable cohort of investors have started to purchase in townhome projects
on the northern Gold Coast, encouraged by price growth, increased yields and improving
“We are certainly seeing an uptick in investors enquiring, although the market is still
predominantly owner occupier,” says Mr Ashwin, who is marketing the $650 million Serenity 4212, a leading waterfront developments on the northern Gold Coast at Helensvale.
“There is a lot less stock out in the market currently and investors are certainly being
encouraged into master planned communities which have great internal and surrounding
infrastructure,” he says.
“The supply of four-bedroom homes has become particularly sparse on the Gold Coast,
positioning this product as one of the most sought-after commodities on the property market.
“In the case of Serenity 4212, investors are attracted to the quality of the community that has been created because of the premium rental prospects associated with a project that has
such a broad range of amenities such as parks and waterways.”
George Bougias, Oliver Hume national head of research, says the Gold Coast market continues to draw attention of buyers both local and interstate with inquiries sky rocketing 790 per cent across Oliver Hume projects compared to the same period last year.
The Arbour in Burleigh Heads reached over 4500 enquiries alone this year, says Mr Bougias.
“After a sustained period of low stock availability and limited stock releases, 2021 has seen a
relatively large amount of stock introduced to the market with major releases from several projects across the Gold Coast local government areas.
“ However, this stock is so highly sought after it barely hit the market with all stock sold over a matter of days.”
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