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The Terry Ryder Price Predictor, based on trends in sales volumes, describes the Gold Coast as a “tale of two cities”.
“It’s the high-rise suburbs and genuine residential suburbs,” the report states.
“We urge investors to avoid the former and concentrate on the latter.
“Many of the inland housing areas of the Gold Coast have strongly-growing markets and will deliver price growth. Our Top 30 list includes Ashmore, Carrara, Highland Park, Nerang and Upper Coomera.”
Our very own REIQ Gold Coast zone chairman John Newlands said Ashmore, Carrara, Highland Park, Nerang and Upper Coomera still offered affordable housing.
“You can buy a house for $450,000 to $550,000 in those suburbs,” he said.
“It’s just not possible for many in a lot of the beachside suburbs so it really is affordability which will drive those suburbs.”
Read the full article here.