Since securing the 2018 Commonwealth Games, the Gold Coast has seen substantial investment in infrastructure igniting the local economy, creating jobs, and driving a thriving property market.
All the ingredients are there for strong capital growth in the local property market.
New Zealand investors are not lost on this opportunity. Kiwis have always had a love affair with the Gold Coast and with NZ property markets peaking smart investors are starting to buy across the ditch.
China's richest man also thinks so. Wang Jianlin, 61, worth an estimated $39b, gave a glowing endorsement of the Coast, citing it as his only example of a city which had prospered from tourism outside of China. He has invested more than $1.2b into local developments and plans by to build a multi-billion dollar Gold Coast theme park.
Investors both national and international have a firm eye on the Gold Coast. A "tidal wave of buyers" are looking to invest, including cashed-up Baby Boomers, immigrants and families frustrated by spending $500,000 for a block of land in Sydney's west where they face an hour-and-a-half commute to work. Investors are seeing extremely good value on the Gold Coast with the medium house prices in cities like Sydney and Auckland hitting the $1m dollar mark and Melbourne not far behind, it becomes a 'no brainer' for cashed up investors.
With tourism surging and the Gold Coast growing at more than 1,000 people per month the property outlook is very positive.
15 major projects are due to the 2018 Commonwealth Games with that infrastructure costed at $950m and the event itself expected to inject $2b into the local economy.
Stunning new developments including the Jupiter's Casino multi hotel, multi-billion dollar extensions, Pacific Fair shopping centre recent $800m extension and renovations, Gold Coast light rail 2nd stage extension, commencement of the $350m cultural and arts precinct and the proposed $3b Crown Casino and resort are all contributing to a swell of positive sentiment about the future of this wonderful city, the sunshine state.
There are properties to suit all budget types from brand new 3 bedroom townhouses AUD$389,000 up to $1m+ for stunning apartments overlooking the Gold Coast pristine beaches.
With vacancy rates averaging 1.1% across the Coast and pressure on rents upwards investor returns are some of the best in the country.
The good news for Kiwis is that they are treated largely like Australian property buyers, which means unlike other foreigner buyers they can borrow in Australia. Furthermore, there are also tax benefits available where Kiwis can offset paper losses in Australia against their taxable income in NZ.
The stars are aligning for NZ property investors struggling to find property opportunities in NZ in particular Auckland. Strong NZ dollar, low interest rates in Australia, and perfect buying conditions indicate there has never been a better time to buy a piece of paradise.
Key Investments are holding an information evening Thursday 3rd November at the Hobson Room, Alexandra park raceway from 6pm.
Come and meet the developers on the night. Airfare and accommodation incentives to the Gold Coast for buyers and special offers.
Click here to register and find out how you can invest in Australia's fastest growing city. Don't miss the opportunity!