{"id":6663,"date":"2015-12-16T01:00:44","date_gmt":"2015-12-15T14:00:44","guid":{"rendered":"http:\/\/realestatetalk.com.au\/?p=6663"},"modified":"2015-12-16T01:00:44","modified_gmt":"2015-12-15T14:00:44","slug":"gold-coast-what-areas-are-going-to-boom-next","status":"publish","type":"post","link":"https:\/\/channels.realty.com.au\/realtytalk\/gold-coast-what-areas-are-going-to-boom-next\/","title":{"rendered":"Gold Coast – what areas are going to boom next? – Tony Coughran"},"content":{"rendered":"

 
\nIn today’s show Tony Coughran<\/strong><\/a> from Gold Coast Property Advisors points out the areas on the Gold Coast he thinks are going to boom next.
\n <\/p>\n

Transcript:<\/h4>\n

Kevin<\/b>:\u00a0 Every investor I\u2019ve ever spoken to always wants to get ahead of the curve, to get on the wave, to work out where that wave is going to be. The recent wave that we saw in Sydney, well, that\u2019s one that every investor would love to have been on and known about well before it happened.
\nBut Sydney is not the only place in Australia where we get those big peaks. Take the Gold Coast as an example. In the latest Australian Property Investor<\/i> magazine, Tony Coughran from Gold Coast Property Advisors points out the areas on the Gold Coast he thinks are going to boom next. He joins us.
\nHi, Tony. Thanks for your time.
\nTony<\/b>:\u00a0 No problems. You\u2019re always welcome. Thank you.
\nKevin<\/b>:\u00a0 Tony, what are the areas that you\u2019re watching most on the Gold Coast right now?
\nTony<\/b>:\u00a0 We\u2019re taking particular interest in the lifestyle suburbs of Burleigh Heads, Nobby Beach \u2013 that\u2019s located at Mermaid Beach \u2013 Paradise Point (a Broadwater suburb), and Chirn Park in Labrador.
\nKevin<\/b>:\u00a0 What specifically do you like about those areas?
\nTony<\/b>:\u00a0 Absolutely love the huge shift in demographics. They were once tightly held areas, and now things are changing for the baby boomers, and it\u2019s giving great opportunities for the next generation.
\nKevin<\/b>:\u00a0 Those areas that you talk about, are they areas where you could actually go in and enhance the value of the property by making some changes, some renovations to it?
\nTony<\/b>:\u00a0 Absolutely. A lot of those homes were built in the 1960s and 1970s, so there\u2019s actually a huge amount of construction work happening in these areas right now, whether they be knock-downs, full renovations, or just a comfortable budget renovation.
\nKevin<\/b>:\u00a0 What gains are you expecting in those areas, Tony?
\nTony<\/b>:\u00a0 Let\u2019s take a look back to late 2012 where the market had lost a lot of traction at the Gold Coast. Right now, the market has gained great momentum and is performing very well. For example, in Burleigh, on average, we\u2019ve seen almost 15% growth in median prices, as opposed to 5% across the coast. If you buy right and you\u2019re well informed, you could get another 10% or 15% capital growth over the next 12 to 24 months.
\nKevin<\/b>:\u00a0 Some of those suburbs you mentioned there are fairly well established \u2013 Mermaid Beach as an example. Do you think those suburbs are going to achieve better than what we\u2019ve seen in Queensland in recent times, averaging each year around about 6%? Do you think we can get better than that?
\nTony<\/b>:\u00a0 It certainly does come down to knowing the values and being well informed. If you\u2019re buying well, then you can curve greater growth than the average punter.
\nKevin<\/b>:\u00a0 What would you be looking for in those areas, what type of properties?
\nTony<\/b>:\u00a0 I\u2019d be looking for properties that you could knock down and rebuild, build that lifestyle home and see some significant growth, or I\u2019d be looking at buying and holding for a couple of years, waiting for the market to pendulum even further in your favor, and then doing your renovations and prosper.
\nKevin<\/b>:\u00a0 How\u2019s the Gold Coast faring overall?
\nTony<\/b>:\u00a0 Due to our demand here in the Gold Coast, stock has certainly tightened up over the last 12 months. We do have a lot of frustrated buyers that are lining up to secure properties. We\u2019re big advocates for houses and duplexes that don\u2019t have those body corporate fees. They\u2019re the best capital growth generators.
\nWe do hope to see a shift in the New Year of 2016, seeing more vendors looking at putting their properties on the market.
\nKevin<\/b>:\u00a0 What about the forthcoming Commonwealth Games? Are you hearing much in the market about that? Is that having any impact at this point in time?
\nTony<\/b>:\u00a0 Most definitely. We\u2019re seeing big dollars being spent on the coast \u2013 city infrastructure, new sporting facilities, the upgrades to major retail centers. New high rises are popping up all over town. The new light rail is in operation. Good news, we have the green light for the second extension, which connects to the heavy rail.
\nLook, the economy is alive and well. There are more jobs, more people coming to the coast and creating a greater demand here on the coast.
\nKevin<\/b>:\u00a0 Yes, good news there out of the Gold Coast. I\u2019ve been talking to Tony Coughran from Gold Coast Property Advisors.
\nTony, thanks for your time.
\nTony<\/b>:\u00a0 No worries. Thank you, Kevin.<\/p>\n","protected":false},"excerpt":{"rendered":"

  In today’s show Tony Coughran from Gold Coast Property Advisors points out the areas on the Gold Coast he thinks are going to boom next.   Transcript: Kevin:\u00a0 Every investor I\u2019ve ever spoken to always wants to get ahead of the curve, to get…<\/p>\n","protected":false},"author":176692471,"featured_media":6648,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[10,11,13,17,25,27],"tags":[101],"class_list":["post-6663","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-kevin-turner-sponsored-channels","category-kevin-update","category-latest-story","category-property-investment","category-sponsored-channels","category-trends-topic","tag-podcast"],"yoast_head":"\nGold Coast - what areas are going to boom next? - Tony Coughran - Realty Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/channels.realty.com.au\/realtytalk\/gold-coast-what-areas-are-going-to-boom-next\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gold Coast - what areas are going to boom next? 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