Covid-19 does not stop property lovers on Gold Coast Queensland

Posted @ Mar 17th 2020 7:19am - By GCPN Admin
On The Border

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With all the talk of doom and gloom over Covid-19, which is based on fact if you get it from a reliable source.  The Gold Coast has surprised us over the past few weeks with signs of growth and demand as buyers pick up pace, not slow down.

There’s obvious movement in the First Home Buyer Sector, and with so many of the young people today who are tech savvy being able to work remotely from home, the money will continue to arrive and will not stop their earning capacity.

There has also been a strong showing of investors wondering around bewildered at what’s happening to their stocks and shares as the roller coaster ride continues. Even Gold which is usually seen as a safe haven in times of turmoil has travelled from $1,600 to $2,500, and back to $1,500 per ounce.

These investors obviously see the “long-term safe haven” in property, and the Gold Coast has very good value for money in property prices with very strong rental demand.

Then there’s the Downsizers and Accidental Millionaires who purchased a $250,000 home in Sydney or Melbourne 20 years ago, and which is now selling for $2,000,000, who are arriving to purchase a beautiful property for around $800,000, tucking $1,200,000 in the tin, pulling out the hammock and enjoying this absolutely beautiful part of the planet and it’s wonderful weather.

 

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