Golden time for Coast

THE Gold Coast is among the top five regions in the country tipped for future property price growth on the back of infrastructure spending.

It’s among three Queensland regions to make the top five. All have had their share of ups and downs, but according to Terry Ryder of Hotspotting, things are about to turn around.

The Sunshine Coast, Gold Coast and Townsville are joined by Penrith City and Wagga Wagga in NSW.

Mr Ryder said infrastructure development was the most powerful creator of capital growth in real estate.

“It has been a key factor (among others) in driving the growth in property markets across Sydney, where tens of billions of dollars are being invested in new and improved infrastructure,’’ he said.

The Gold Coast made the list as big spending continued in the lead-up to the Commonwealth Games in 2018.

It also had strong population growth and low vacancy rates.

“The Gold Coast cannot be ignored. It has become one of the leading LGAs in Australia for sales activity, coupled with low vacancy rates,’’ Mr Ryder said. CoreLogic figures reveal of all the property sales on the Gold Coast in the June quarter, 91.1 per cent were for more than owners originally paid.