The Gold Coast is one of the fastest growing regions in Australia with future population growth driven by a diversifying economy, interstate migration, strong infrastructure development and the unique lifestyle the golden strip can offer.
Here are three reasons why the Gold Coast property market is currently an investor’s dream.
1. Significant Infrastructure Development
The Gold Coast is undertaking momentous levels of infrastructure developments across the areas of health, education, transport and entertainment, with an infrastructure investment pipeline of over $25 billion.
Current projects range from the $5bn Gold Coast Health & Knowledge Precinct, the $2bn Star Casino Development and $1bn M1 motorway upgrade to the $500m Gold Coast airport expansion and The Spit Master Plan valued at $205m.
The $1.6bn Gold Coast Light Rail, known colloquially as ‘The G’, has already transformed the way locals and visitors access the northern and central areas of the Gold Coast, with the future stages expected to change the way the entire city thinks regarding transport.
The Gold Coast Light Rail
2. Population Growth Driving Apartment Sales
The Gold Coast is experiencing strong local and interstate investment with elevated dwelling prices in Sydney, Brisbane and Melbourne seeing people gravitate to the affordability that the region provides. Combined with low interest rates and travel restrictions, this has made South East Queensland one of the most desirable living destinations in Australia and population forecasts project continued growth, with its population expected to swell to as many as 820,000 by 2035.
As a result of such demand, the Gold Coast apartment market has seen consistent growth in 2021 with sales figures continuing to trend upwards. The Urban Developer’s December 2021 Gold Coast housing market insights revealed unit prices jumped by a staggering 26% in 2021, to a median price of $582,521 – making them $163,000 more expensive than they were in January 2021.
3. Strong Rental Yields
The Gold Coast rental market is performing well due to strong demand and low levels of available rentals. As of March 2022, the unit market recorded a strong rental yield of 5.5% overall, with 2 bedroom units recording 5.1% yields.
Rental availability is at an all-time low with SQM Research reporting a 0.6% vacancy rate in December 2021, down from 2.3% two years prior. A variety of factors are contributing to the low vacancy rate, with fewer tenants moving, many investment properties sold to owner-occupiers, and fewer new properties being built.
V&A at Broadbeach
V&A is a landmark new development on the Gold Coast with opportunities for investors and owner-occupiers alike. The development comprises 399 spectacular residences, a subtropical recreational podium, two levels of premium office space and commercial facilities and a vibrant new retail arcade.
It’s distinguished by its first-class resident amenity including pools, spa, gym, outdoor dining, yoga lawn, kids club, cinema, BBQ pods and much more. A sky lounge features private dining, two lounges and spectacular terraces to enjoy the magnificent skyline views.
The development boasts a prime location in Broadbeach, offering a walkable lifestyle. Residents can stroll to the shops, beach, river and expansive parklands; not to mention the 50-plus restaurants and cafes within just 300m. It’s conveniently located approximately one kilometre from the Broadbeach South G-Link station, allowing for terrific public transport access.
Artist Impression of 2-Bedroom Apartment Living and Kitchen
A diverse range of apartments are now selling at Victoria Residences:
1 bed + MPR: $650,000 – $800,000
2 bed: $850,000 – $1,200,000
3 bed + MPR: $2,000,000 – $2,900,000
Exclusive penthouses are also available with breathtaking views. The display suite is open at 20 Albert Avenue, Broadbeach, Gold Coast. Call 1800 733 046 to book your in-person or virtual appointment, or register your interest via our online form for more information.
