Gold Coast apartments on property investors’ wish lists

first_img Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:46Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:46 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p216p216p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenChoosing an apartment to invest in01:47 Investors are inquiring about apartments on the Gold Coast above many other Australian city, new data shows.PROPERTY investors are banking on the Gold Coast with many turning to apartments in central beachside locations to help earn some extra cash.Latest realestate.com.au figures show three of the city’s suburbs were among the country’s top five with a high number of email inquiries from investors for apartments.Surfers Paradise topped the list followed by Melbourne, Brisbane City, Broadbeach and Southport. MORE NEWS: Katie Page’s apartment building racks up two more big sales Email investor inquiries have increased 19 per cent across the country in the past year.Chief economist at realestate.com.au Nerida Conisbee said email inquiry data showed there had been strong growth in investor interest across the country over the past year.“Email inquiries from investors have increased 19 per cent this January compared to January last year,” she said.“At a suburb level, there are many, as expected, locations seeing high inquiry from investors. “The unit market is dominated by high volume apartment locations – Melbourne CBD, Gold Coast and Brisbane CBD.”Queensland recorded one of the highest jumps in investor inquiry at 22 per cent. Gold Coast suburbs dominated the apartments list.More from news02:37International architect Desmond Brooks selling luxury beach villa8 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day agoHowever, Ms Conisbee said the increases were off a very low base and first home buyer inquiry still eclipsed the group.Knight Frank head of project marketing Queensland Chris Litfin said the investor inquiry wasn’t likely to be on new apartments as most people buying those were owner occupiers.He said the Coast suburbs seeing the most investor inquiry offered many older and cheaper apartments with strong rental return.“The Gold Coast has still got the highest rental yields in the country,” he said.“With the low interest rates and high rental yields, it just makes sense (to buy there).”center_img MORE NEWS: Mega-apartments the Gold Coast’s new normlast_img

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