If a home on the Gold Coast in Australia is something you’re aspiring to, you might want to move quickly before prices rise.
Article written by The Overseas Guides Company
Renowned as an Aussie take on Vegas meets Miami and home to the popular Mermaid Beach and Surfers Paradise, the Gold Coast is a popular place for foreign expats as well as Australians from the southern states.
However the downturn since 2008 combined with a strong Aussie dollar has hit Gold Coast property hard. Prices tumbled, properties sat on the market for what seemed like an eternity and buyers became a rare sight to behold. Yet for the first time in around six years, local property agents are seeing a resurgence of confidence and buyer interest.
Some agents are reporting that the start to 2013 has been the best in terms of the volume of buyer enquiries in a number of years, although this has yet to translate into higher prices.
For expats looking to secure a piece of property in this iconic city, it means the best of both worlds – rising confidence means more people are likely to put their properties on the market, meaning more choice, while prices remain subdued.
Having bottomed out at decade lows in 2011, the volume of sales for Gold Coast apartments looks set to rebound as 2013 progresses, which will inevitably take prices up with them. Savvy buyers getting into the Gold Coast market now may just save themselves a small fortune compared with those willing to wait on the sidelines until next year.
Browse the listings on Rightmove Overseas for thousands of properties for sale in Australia. Remember that when emigrating to Australia or buying property there, using a currency exchange specialist rather than a bank to transfer your pounds to Australian dollars could save you thousands. For more information, download Smart Currency Exchange’s free guide or visit the Currency Zone.
To understand the full step-by-step process to buying a property in Australia, collect The Overseas Guides Company’s ‘Australia Property Buying Guide’
The views and comments herein are those of the author and do not necessarily reflect the views or opinions of Rightmove Overseas, Rightmove Group Ltd or Rightmove Plc