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Juicy returns see Gold Coast becoming a hot spot for investors

21 Nov 2016 Surfers Paradise 0 Comment

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Investors are flocking to the Gold Coast to make a buck, with inflated rents guaranteeing properties will pay for themselves.

Gold Coast investors Brian Washbourne and David Bugeja have bought 18 properties in the past six months.

The business partners said they intended to keep buying “by the dozen” for another 18 months to reach their goal of 50 Gold Coast properties.

“David and I thought seriously about it for 12 months and we thought the timing was right, so we jumped in and we will go hard for another 18 months. We have a lot of experience in investing. We had a few properties in Mackay when there was a huge mining boom but we have found that the Gold Coast has definitely become the next big boom.” Mr Washbourne said.

REIQ Gold Coast chairman John Newlands said the market had been in a healthy position for the past 18 months.

Full article here.

Credit to the Gold Coast Bulletin


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