Why You Should Invest In The Gold Coast Property Market
By Peter Gibson
We all know that the global health crisis has changed the way we live and work. As a result, people are now moving from the cities to regional areas in search of the perfect work-life balance and more affordable housing. This trend has seen the Gold Coast property market experience increased rental demand, high rental yields and strong property growth, which is great news for property investors. If you’re looking to invest in the Queensland property market, here’s why you should consider the Gold Coast.
Interstate & Expat Migration
In the midst of the pandemic, interstate and expat migration to the regional area has soared. People from Australia’s COVID-embattled southern states are relocating to Queensland in droves, with many choosing the Gold Coast as their place to call home. Likewise, many returning Australians who are fleeing overseas lockdowns are now choosing to downsize on the Gold Coast. This migration boom is increasing the area’s rental market demand and pushing up rental prices, which presents a great opportunity for property investors.
Sea & Tree Change Trend
With many companies extending their work-from-home policies, urban dwellers are rethinking why they live in the cities. Since many now seek more space for less, the pandemic has sparked a sea and tree change trend. Offering the perfect mix of world-class beaches and World Heritage-listed rainforests, the Gold Coast has become a popular choice for remote workers. This coastal and country lifestyle shift is driving demand for the regional area, making it an attractive option for property investors. If you want to capitalise on this trend, now may be a good time to purchase an investment property in this region.
Tourism Growth
Now more than ever, people want to escape their homes in search of sunshine and relief from the pandemic. While the Gold Coast has always been a popular holiday destination, Queensland’s management of the health crisis coupled with the overseas travel ban means that this coastal city’s tourism popularity has boomed. From a property investment perspective, tourism growth means more jobs and infrastructure. As a result, more workers mean more housing demand, while infrastructure investment means better amenities and potential property value increases. This growth may further strengthen the Gold Coast’s property market, making it a great place to consider investing in.
Attractive Lifestyle
It’s no secret that the Gold Coast offers one of the country’s most enviable lifestyles. With its famous beaches, scenic hinterland, top attractions, thriving entertainment and, of course, perfect weather all year round, there is something for everyone in this coveted coastal city. On top of this, the regional area also offers many employment opportunities, leading educational institutions and good public transport. If you are a property investor, there is no denying that it is an attractive option for all demographics, from families to retirees.
With the regional area’s current trends and future outlook, now is the perfect time to consider investing in the Gold Coast property market. Its increased rental demand, high rental yields and strong property growth are all good signs for investors.
If you want to learn more about investing in the Gold Coast, we would be happy to assist. At ManageMe, we carry out weekly market research so we can provide you with the latest market updates. Working closely with you to understand and achieve your property investment goals, we are committed to providing you with the highest standard of professional property management. Contact us to find out more about how we can help you achieve your property investment goals.
Before making any financial decision, you should seek independent financial advice from a licensed financial advisor.
