SURFERS Paradise has emerged because the primary hotspot in all of South East Queensland for first-home patrons looking for a unit or an condominium.
The withdrawal of property buyers in the course of the COVID-19 disaster seems to have opened a window for first-time patrons to pounce on well-priced items in key life-style areas.
Search knowledge from realestate.com.au for the Gold Coast reveals the booming beachside suburb of Palm Seaside can also be excessive on the first-home purchaser hit checklist, as are Southport and Robina.
Surfers Paradise First Nationwide Actual Property principal Rob Rollington stated much less competitors from buyers had seen an increase in gross sales to first-home patrons for the reason that COVID disaster hit.
“A great chunk of gross sales have gone to first-home patrons who would usually be outbid by buyers,” he stated.
“That’s began to alter although now with rates of interest persevering with to drop; buyers aren’t liking the returns they’re getting from the banks so that they’re coming again to actual property for higher returns and potential for development.”
Mr Rollington stated Surfers Paradise supplied a large alternative of properties at reasonably priced worth factors together with a bunch of life-style advantages.
“Surfers Paradise continues to be among the best value-for-money suburbs on the Gold Coast the place you could find a two-bedroom unit for across the $300,000 worth level,” he stated.
“The opposite huge drawcard for first-home patrons is that you may’t actually purchase a spot in Surfers that’s not inside strolling distance to the seaside.”
Easy accessibility to eating places, night-life and proximity to employment together with the Gold Coast College Hospital have been constructive factors for bedding down in Surfers, he stated.