Newlands Real Estate
2 Elkhorn Avenue Surfers Paradise
07 5592 1464
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Professionals Newlands Real Estate – Surfers Paradise Principal & The REIQ Gold Coast zone chair John Newlands was recently interviewed for this Gold Coast Bulletin article.
IT’S A WEALTH OF OPPORTUNITIES
With the Commonwealth Games fast approaching, it’s an idea time for investors to get in to the action, and enjoy all the advantages the Gold Coast has to offer.
Local and interstate investors seeking strong capital growth have been drawn to the Gold Coast market on the back of low-vacancy rates.
With the population predicted to double by 2050, the Gold Coast is becoming a more attractive environment for investors.
As Australia’s fastest growing city, the Gold Coast offers broad appeal to investors seeking affordability and lifestyle.
According to REIQ Gold Coast zone chairman John Newlands “lifestyle and the low vacancy factor means it is good for rentals”, he said.
“The city has very good affordability, people can position themselves in a unit or house that they can pay off quickly and see a good return.”
According to CoreLogic house rental yields range between 4.5% and 6%, with Lower Beechmont hovering at the upper end with 5.6%.
Unit yields are more diverse, averaging between 6% and 7% but included some higher performers, such as Yatala with 14.4% and Maudsland with 9.5%.
Mr Newlands said investors are attracted to low cost properties, especially houses, which don’t require the payment of body corporate fees.
“There are less outgoings and you’re more likely to get a family who will hopefully live there long-term.
“Low-rise units as well, since the absence of lifts keeps body corporate fees done.”
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