Whilst Sydney and Melbourne are making headlines for rapid growth and surging prices, one Gold Coast broker says consumers should now be looking for the next big market.
Rebekah Gould, mortgage broker at Smartline
told Australian Broker
that the Gold Coast is showing great potential to be the next up-and-coming city, and consumers should be taking advantage of it.
“The Gold Coast hasn’t yet experienced the capital gains that other markets – such as Sydney and Melbourne – have experienced, so there are still some really decent prices. It is a really good time to be buying in the Gold Coast right now because we haven’t had that growth.”
Gould says the Gold Coast is showing all the signs of the foundation work being done for it to experience solid capital gains.
“It is a really exciting time on the coast. There is more consumer confidence in the market place and people are starting to feel more comfortable with the interest rates and security of their employment.
“We are also holding the Commonwealth Games in 2018 so we there is a lot of investment going into new infrastructure – we have had brand new tram systems built and a brand new swimming complex which has already hosted an international competition recently.
“It is a great time to be looking around and getting into the market whilst it is still, in my opinion, very affordable.”
Gould predicts the coast may see a pick-up in consumer interest after the summer holidays.
“There are a lot of tourists who come to the Gold Coast for summer holidays, fall in love with it and then come back, so I think we will see a pick-up in the market in February and March.”