{"id":12156,"date":"2017-06-08T15:00:28","date_gmt":"2017-06-08T05:00:28","guid":{"rendered":"http:\/\/realestatetalk.com.au\/?p=12156"},"modified":"2017-06-08T15:00:28","modified_gmt":"2017-06-08T05:00:28","slug":"south-east-qld-the-value-lifestyle-choice","status":"publish","type":"post","link":"https:\/\/channels.realty.com.au\/realtytalk\/south-east-qld-the-value-lifestyle-choice\/","title":{"rendered":"South East QLD: The value lifestyle choice"},"content":{"rendered":"<p><strong>In his column for\u00a0<a href=\"http:\/\/www.switzer.com.au\/the-experts\/john-mcgrath-property-expert\/south-east-qld-the-value-lifestyle-choice\/\" target=\"_blank\" rel=\"noopener noreferrer\">Switzer<\/a>, John McGrath\u00a0says South East Queensland is becoming a popular choice for a change of lifestyle.\u00a0\u00a0<\/strong><br \/>\nSouth East Queensland remains a very compelling market for an investment or lifestyle change for young families, now that Sydney has become difficult to afford following five years of exceptional growth. \u00a0<a href=\"https:\/\/i0.wp.com\/realestatetalk.com.au\/wp-content\/uploads\/2014\/08\/mcgrath.jpg\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-1807\" alt=\"mcgrath\" src=\"https:\/\/i0.wp.com\/realestatetalk.com.au\/wp-content\/uploads\/2014\/08\/mcgrath.jpg?resize=150%2C143\" width=\"150\" height=\"143\" \/><\/a><br \/>\nLast week, we hosted the 20<sup>th<\/sup>\u00a0annual Australasian Real Estate Conference (AREC17) on the Gold Coast, with a record attendance of 4,500 real estate professionals.<br \/>\nWhile I was there, I was reminded of how great the weather is and how much development is going on, particularly in terms of new infrastructure in the lead up to the 2018 Commonwealth Games.<br \/>\n<strong>The latest venue to open is the brand new Gold Coast Sports and Leisure Centre in Carrara.<\/strong><br \/>\nConstruction of the athletes\u2019 village within the redeveloped Parklands site is on track for completion in October.<br \/>\nAfter the Games, the village will be transformed into a new residential precinct within the broader Gold Coast Health and Knowledge Precinct surrounding it.\u00a0<img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignright\" alt=\"gold coast tourist town\" src=\"https:\/\/i0.wp.com\/puassets.s3.amazonaws.com\/wp-content\/uploads\/2015\/05\/gold-coast-tourist-town-300x224.jpg?resize=300%2C224\" width=\"300\" height=\"224\" \/><br \/>\nAll of these new sporting venues are in addition to other major new facilities recently completed, such as the Gold Coast University Hospital, expansion of the light rail and a continuation of cranes dominating the skyline, with construction of many large residential high-rise towers underway.<br \/>\n<strong>This is a city transforming on the fast track and it\u2019s great news for local property values.<\/strong><br \/>\nI\u2019ve been recommending the Gold Coast to my investor clients for some time now.<br \/>\nThis market really suffered during the GFC but its recovery has been fantastic.<br \/>\nThose that got in right at the bottom of the cycle have reaped a lot of rewards already, with more growth to come.<\/p>\n<h4>South East Queensland is a market that really excites me.<\/h4>\n<p>There\u2019s great opportunity for investors and young families in Brisbane, the Sunshine Coast, Toowoomba and lots of other places in between that all offer great value.<br \/>\nSydney and Melbourne are like New York and London, prices have reached a certain level and have simply become unaffordable for some buyers.<br \/>\nThis has led to greater demand in South East Queensland from southern-based investors in recent years.<br \/>\nAverage rental yields in Brisbane\/Gold Coast are currently 4.1% for houses and 5.3% for apartments, according to CoreLogic.<br \/>\nThis is well above average, with yields in Sydney at 2.8% for houses and 3.9% for apartments and Melbourne at 2.7% and 4.2% respectively.<\/p>\n<h4>But South East Queensland is not just great for investors.<\/h4>\n<p>Young families struggling with their mortgage in Sydney and Melbourne could completely transform their financial situation, not to mention their lifestyle, with a move north.\u00a0<img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignright\" alt=\"gold-coast\" src=\"https:\/\/i0.wp.com\/propertyupdate.com.au\/wp-content\/uploads\/2012\/07\/gold-coast-300x200.jpg?resize=300%2C200\" width=\"300\" height=\"200\" \/><br \/>\nPeople can sell an ordinary $2 million house in Sydney and buy a luxurious lifestyle in Queensland.<br \/>\nHigh-quality properties on the Gold Coast are often a third or even a quarter of the price of Sydney, so the value for money is exceptional.<br \/>\nOur Sydney agents are selling one bedroom apartments for $800,000-$900,000, whereas on the Gold Coast, you can buy a house on a canal for similar money.<br \/>\nSydney home owners have an opportunity right now to take the 75% growth that their properties have had and buy into a much cheaper but equally appealing market in South East Queensland, and in many cases, be mortgage-free!<\/p>\n<h4>But don\u2019t wait too long to make the move.<\/h4>\n<p>While the Gold Coast market does provide great value in comparison to Sydney, prices are definitely on the move, particularly over the past 18 months.<br \/>\nConfidence has increased, locals are seeing that the worst of the GFC impact is over and prices have been firming and\/or rising in many areas.<br \/>\nDevelopers (particularly Chinese) are investing millions and the Commonwealth Games is creating excitement, optimism and anticipation among locals.<br \/>\nValuations firm Herron Todd White describes typical three- to four-bedroom homes on 500-900 sqm blocks along the northern coastal areas of the Gold Coast rising in value by 20-25% over the past 18 months.<br \/>\n<strong>Yes, this is part of the GFC recovery, but prices are now well exceeding the last peak of 2007.<\/strong><br \/>\nPrestige canal properties are in high demand and property values are growing as a result.<img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignright\" alt=\"property\" src=\"https:\/\/i0.wp.com\/puassets.s3-ap-southeast-2.amazonaws.com\/wp-content\/uploads\/2016\/09\/17574567_l-300x176.jpg?resize=300%2C176\" width=\"300\" height=\"176\" \/><br \/>\nIn Hope Island, homes that were worth $1.3 million just 18 months ago are now in the $1.6-$1.7 million range.<br \/>\nThe southern Gold Coast market is also very strong, particularly in beachside suburbs where locals are upgrading.<br \/>\n<strong>Property prices in the central Gold Coast districts are also moving past their 2007 peak.<\/strong><br \/>\nOur Queensland agents are reporting a lot of new enquiries from Sydney and Melbourne buyers and this trend is set to continue.<br \/>\nIf you\u2019re struggling to afford your mortgage in the southern capitals or looking for a more affordable investment opportunity, South East Queensland is the place to be.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In his column for\u00a0Switzer, John McGrath\u00a0says South East Queensland is becoming a popular choice for a change of lifestyle.\u00a0\u00a0 South East Queensland remains a very compelling market for an investment or lifestyle change for young families, now that Sydney has become difficult to afford following&#8230;<\/p>\n","protected":false},"author":176692471,"featured_media":12159,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13],"tags":[],"class_list":["post-12156","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-story"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - 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