Brisbane to Gold Coast Corridor is Property Real-Estate Hot-spot 2014
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Queensland’s Brisbane and the Gold Coast, plus the Corridor between Brisbane and the Gold Coast has once again jumped onto the radar as a property investment hotspot, with some developments apparently holding a waiting list for prospective tenants due to the low vacancy rate, and a generally low supply for new properties.
Vacancy rates of sub-2% have median prices rising and rents that are following suite.
Some developments have waiting lists with all currently built and sold properties fully occupied, according to official marketing material. Many properties is apparently being rushed forward to meet demand, seeing rental rates rising above the median.
Urban Development Institute of Australia president (Gold Coast and Logan), David Ransom, said that the Logan corridor in particular is often underestimated as a potential growth area in south-east Queensland.
A lot of the focus is generally on Brisbane and the Gold Coast, but the area in between has plenty to offer in its own right, with its position between two major markets, a growing economy and a solid pipeline of development including the two new major cities of Yarrabilba and Greater Flagstone which will help cater for future population growth.
The Logan region broadly has a lower median house price than its neighbouring cities, which makes it an attractive area for investors and young families looking for an affordable opportunity to position themselves at the centre of south-east Queensland's growth corridor.
There are a variety of property opportunities incorporated in the entire corridor between Brisbane and the Gold Coast with long term real estate values set to increase in the coming years.