SQM – Predicts 11% for GC

Great news for those looking at how to get started in property investment in QLD, Property investment advisor SQM predicted that Gold Coast dwelling prices will increase between 7 per cent and 11 per cent in 2016.

“The Gold Coast is recording vacancy rates well under 2 per cent and falling,’’ said Louis Christopher from SQM.

“Rents have been rising at 8 per cent per annum and when I look at the forward building numbers, we are not seeing a rapid oversupply situation building up yet for the coast. That’s what you normally see when you get a boom in demand, that developers come to the party pretty quickly, but not this time around they seem to be holding back just a bit.”

This is great news property investors looking at the Gold Coast as their next market. With improvements to public transport, an increase in job growth combined with the upcoming Commonwealth Games, makes the Gold Coast an almost surety for strong capital growth.

If you are not sure how to invest in property, now would be a great time to get in contact with us and receive the best Australian property investment advice.