Property investors wondering where to put their money in 2016
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Gold Coast is ranked second to Melbourne in the 2016 property investors market.
Gold Coast property sector will benefit from the low Australian dollar with rents growing 5% to 8% next year as vacancies increase.
The Gold Coast market is expanding and contributing to that is the number of projects escalating in south east Queensland.
One of those projects alone is a 6 tower development planned for Budds beach at Surfers Paradise with 2,600 units in four towers named “Ruby”, a 5 star hotel.
Neighbouring Ruby is a six star hotel “Sapphire”. The towers will be anywhere from 30-69 floors high. Ruby’s 3rd tower will feature a supermarket, lounging areas, an ice rink, a laser tag area and an adventure gym while Sapphire will feature a community centre and park.
Combine this with the three tower beach front “Jewell” plus hundreds of new homes being constructed on the corridor between the Gold Coast and Brisbane and you will see a very bright future for the wise and early investors.