Strong fundamentals for Gold Coast property

By Martin Rogers July 16, 2008 09:24am



* 141 new homes are needed a week to meet demand in the Gold Coast
* Capital growth prospects are good over the medium and long term
* More information at the Gold Coast Bulletin

WHILE the most enthusiastic and optimistic apologists for Gold Coast real estate accept that the market is doing it tough, most insist the outlook is bright.

That is a message echoed in The Gold Coast Bulletin Property and Suburb Guide which is out today.

The guide looks at every Gold Coast and Tweed suburb and explains the rises and falls in property prices for houses, units and land.

It's all about fundamentals, according to RP Data national research director Tim Lawless, one of the nation’s top property analysts.

"Despite the current soft conditions, the solid fundamentals are likely to remain a positive driver of capital growth over the medium and long term,'' he told the Gold Coast Bulletin.

Over the past calendar year the population of the Coast increased by 18,000 new residents, creating a demand for 7360 new dwellings - 141 new homes a week.

"The centrally located suburbs positioned along the Pacific Motorway account for over half the total population growth,'' said Mr Lawless.

"With such a strong rate of growth, demand remains exceptionally strong and is a positive sign for the market.''

The overall performance of the Coast, the best locations and bargain buys are all analysed in depth in a publication that has established itself as the investor and home owner’s bible over the last few years.