2022 Gold Coast Property Investment Guide

The future is looking bright for Australia’s largest non-capital city. The property analysts at CoreLogic reported seeing an increase in the housing market of 26.7% throughout 2021, making the Gold Coast the unexpected champion when it came to price growth through the onset of Covid-19.

So what can be expected from the coming years and what tips do we have for those wanting to consider property investment in the Gold Coast?

Should you purchase a Gold Coast investment property?

In spite of a worldwide pandemic, the Gold Coast has seen a housing boom over the past few years. With the ‘work from home’ movement becoming fully entrenched in the Australian way of life, many buyers have been reassessing their lifestyle choices which has seen a drive to sun and surf. Whilst always a major drawcard for tourists, this is now becoming a highly sought after environment for interstate migrants.

Being announced as a co-host of the 2032 Olympic Games, the Gold Coast will likely see an increase in infrastructure and employment opportunities which will only add to its viability as a property investment option. As the Gold Coast is a relatively new addition to the higher end of the property market, it’s proving to be undersupplied in its current state which will likely see affordability becoming an issue.

Other Australia-wide influencing factors to be aware of include a predicted interest rate rise, due to come in later this year. This is already being felt by the building and construction industry – suffering from an increase in costs of building production and construction materials. This will continue to have an impact on national property markets.

Where to buy an investment property in the Gold Coast

The expert team at Ironfish always have our sights set on new property investment opportunities to assist our customers in building diverse portfolios. We have assisted buyers to get into this market ahead of the recent boom, and continue to look for future opportunities as the Gold Coast is expected to see a continuing increase in buyer interest over the long term. However, investors need to be careful as to where they choose to purchase. With many projects not expected to proceed due to a lack of quality builders on the Gold Coast, investors should aim to target a few key areas:

• Location and amenities

Owner-occupier, boutique apartment buildings with amenities for residents and good floor plan design and view corridors are on our radar. Proximity to the beach and conveniences such as public transport are also of importance.

• Affordability

With undersupply being an issue, infill townhouse projects under $650,000 make for an ideal entry point into the market.

The Gold Coast is proving to be a lucrative investment option in the Australian property market, however, there are many factors to consider when choosing the location and type of property to invest in. The Ironfish team are the experts in Australian property investment and we’re here to help you achieve all of your property goals in 2022.

Explore our Australia-wide city guides as well as our 2022 Guide to the Property Market for more information.