Newlands Real Estate
2 Elkhorn Avenue Surfers Paradise
07 5592 1464
07 5592 4465Contact us
TUGUN, Arundel and Reedy Creek are tipped to flourish in coming months, according to property market analyst Terry Ryder.
His latest Price Predictor Index refers to the three Gold Coast suburbs as “supercharged” in the latest national top 50.
The 50 suburbs show strong growth patterns and are likely to deliver strong price growth.
While three suburbs made the national top 50, the report also revealed performance of the Gold Coast property market was overtaken by the Sunshine Coast last year.
“The trends confirm the Gold Coast is winding down — a year ago we identified 25 growth suburbs but now only 10,” the report states.
“There are now 30 plateau suburbs — evidence the Gold Coast remains solid and one of the nation’s leading markets, but it’s no longer the No. 1 rising market that it was.
“It may surge again as we get closer to the 2018 Commonwealth Games.”
The REIQ Gold Coast zone chairman and Professionals Newlands Real Estate – Surfers Paradise Principal John Newlands expected the Coast to continue to have “solid growth” with an increasing population.
“We’re still going to see an enormous amount of people come to the Gold Coast and buy here,” he said.
He said Tugun, Arundel and Reedy Creek would see price growth as people were pushed out of neighbouring suburbs.
“It’s a bit of a ripple effect,” he said. “As some of the inner suburbs have risen in price buyers start to seek alternatives.”
For the full article, click here.
If you’re looking to buy, sell, rent or seeking expert property management, look no further than the Professionals Newlands Real Estate – Surfers Paradise.
Drop in: 2 Elkhorn Avenue, Surfers Paradise QLD 4217
Phone: 07 5592 1464