Live SEQ, Property research | 2 min read

Sydney & Melbourne Investors are snapping up property on the Gold Coast

Anthony Hancock
Anthony Hancock
12/02/19

Data is now showing that a growing number of residents of Melbourne and Sydney are now choosing to rent in their own home towns rather than buying property in their excessively expensive cities. However, in order to get a foothold on the property ladder, these same residents are now looking into the Gold Coast, among other areas, to invest in property.

There’s been a lot of news lately about the positive property market in South-East Queensland, and particularly the great growth opportunities to be found on the Gold Coast.

Data is now showing that a growing number of residents of Melbourne and Sydney are now choosing to rent in their own home towns rather than buying property in their excessively expensive cities. However, in order to get a foothold on the property ladder, these same residents are now looking into the Gold Coast, among other areas, to invest in property.

Realestate.com.au chief economist Nerida Conisbee calls the trend “rentvesting”, where buyers are willing to pay rent and invest their money in growing markets. And more than 513,000 searches for homes on realestate.com.au in 2018  were concentrated to within 30 kilometres of the Gold Coast.

Read the full story here: realestate.com.au