Gold Coast’s Next Property Hot Spots to Boom on the Light Rail Trail
GOLD Coast property experts have urged prospective buyers to follow the light rail track for massive gains.
It comes after the Gold Coast Bulletin revealed recently how average Joes were cleaning up in the Southport property market as developers squabbled over land in the Priority Development Area — with some owners doubling their investment in four years.
Buyers watch where the light rail stage two is being built and poach any houses overlooking the line.
A local real estate professional said “If you watch the data, property values have already risen between $50,000 and $80,000 next to the light rail track in just two years,” he said.
“That’s a pretty massive gain and if you wanted to make some money you would look to replicate those results by looking at property which will benefit from future infrastructure.
“Southport has done very well but I imagine Helensvale would be the place to look at next.”
REIQ Gold Coast Zone chair John Newlands said mid-range properties on the northern corridor would be in high demand when the light rail’s extension is finished.
“The light rail is connecting suburbs and any property around it will be worth a lot more,” he said.
“It is important to factor in a range of facts when looking to buy and that includes future infrastructure.
“There is a lot of development on the northern corridor and eventually it will all be linked with the central and even southern Gold Coast.”
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