Newlands Real Estate
2 Elkhorn Avenue Surfers Paradise
07 5592 1464
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In the three months to June, property prices surged 6.8 per cent in Sydney and 3.5 per cent in Melbourne, CoreLogic’s monthly house price index recorded.
Property prices have showed no signs of abating, with Sydney and Melbourne apartment and house prices surging over the latest quarter, data released on Friday, 1st of July 2016 shows.
The renewed property market enthusiasm was likely a result of an interest rate cut in May and pre-election investment activity, CoreLogic head of research Tim Lawless said.
The Gold Coast is showing a great result with sustainable growth in both Homes and Units with some of the best rental returns in the country.
The increases in the Sydney and Melbourne markets is a great outcome for the Gold Coast as the higher these markets reach, the more affordable the Gold Coast and other markets become.
Dennis Musca, senior sales executive at Professionals Newlands Real Estate – Surfers Paradise, has personally experienced an increase in activity from Southern city buyers.
“The main buyer comment I hear is Sydney and Melbourne property is out of reach for the everyday working Australian due to affordability and returns, or lack thereof,” said Dennis.
If you’re interested to invest in Gold Coast property, give the expert team at Professionals Newlands Surfers Paradise a call today on (07) 5592 1464.