Great Buying on the Gold Coast

[youtube=://www.youtube.com/watch?v=8n-AjjA1qD0&w=854&h=480]

Since the Commonwealth Games, we've seen a collective 'holding of breath' by potential buyers on the Gold Coast, as they watch and wait to see how it affects the market. This has created an effect all of its own, as buyers have disappeared, and sellers needing to move their properties on have had to discount substantially to get a sale.

As a result we've been able to purchase a number of properties below their intrinsic value. The rental market is still very strong on the Gold Coast, so we've seen properties rent quickly at high yields. The video above provides a great example of buying well in a strong location; in this case a house in Parkwood near to the Gold Coast University Hospital, Griffith University, the new GC Light Rail and an easy drive to the Southport and Robina CBDs. It's also within an hour to Brisbane. Future supply of houses in the area is very limited, and land value is mich higher than in the so-called growth areas further north of Coomera and Pimpama.