Is Now a Good Time to Invest in Real Estate on the Gold Coast?
Whether you are looking to make an investment in real estate on the Gold Coast, or you simply want to buy a home for you and your family to live in, it really comes down to the same thing… property will always be an investment. And for many of us, it is likely to be the largest single purchase we will make in our lifetime.
With this in mind, it makes perfect sense to make sure you get the best out of that investment. While the market will go through its inevitable peaks and troughs, potential buyers will always be asking “when is the best time to buy?”
How? Rather than, when?
There is an argument to suggest that any time is a good time to buy real estate, so long as you “buy it right”.
An astute homeowner or investor can purchase the right kind of property through us, here at Knobel & Davis Property Services—in the right area, at the best price.
Historically, the price of real estate on the Gold Coast has steadily increased over the years and property continues to rise ahead of both inflation and earnings. If that doesn’t inspire you to invest, it’s unlikely that anything will. But while potential buyers wait, prices will almost certainly rise.
It really is all about location
The greater part of “buying right” actually has much more to do with location than with price.
Even properties at the bottom of the ladder in a more affluent area—such as those overdue some TLC or needing serious renovation—have potential.
The location will also prove beneficial when you come to move on, because people tend to buy into an area, rather than into just a house. The Gold Coast is one such area. And real estate here continues to represent an excellent investment opportunity.
Choosing the right property in the right area
Property that appeals to the widest possible market is going to represent the best investment, simply because it will be easier to sell.
It follows, therefore, that such properties are going to command realistic selling prices and usually achieve their market value.
From single-bedroomed apartments and semi-detached homes, to detached houses with big backyards and pools—each type of property is likely to perform best in its optimum location.
Finding the balance
When it comes to investing in Gold Coast real estate, achieving a balance between price, location, and type of property is crucial to success.
To illustrate, while an apartment may do well in a new development close to the ocean, better value-for-money might still be had in houses located further inland.
Research is the key. Visit chosen areas at different times of the day (or night) to gain a deeper insight into the lifestyle and perceived affluence of specific locations.
Dealing with the Gold Coast real estate experts
If you are thinking of investing in real estate in the Gold Coast region, talk to the team at Knobel & Davis Property Services today! Call us now on 07 5526 9722. Or to access our wide range of property sales services, look around our website.