The Courier-Mail

Southeast a property goldmine

- ALEX TILBURY

SOUTHEAST Queensland is the best place in Australasi­a to buy real estate as the Melbourne and Sydney markets enter “bubble” territory, says a property expert.

McGrath Estate Agents CEO and founder John McGrath said he had told his clients: “Buy on the Gold Coast or in Brisbane.”

Speaking during AREC, the world’s second-biggest real estate conference, being held on the Gold Coast, Mr McGrath said that while southern capitals were near the top of the cycle, the southeast region was his “top pick of everywhere to buy in Australasi­a”.

“You can live a multimilli­onaire’s lifestyle on the Gold Coast without being a multimilli­onaire,” he said.

“You can walk, go for a swim at the beach and go to any number of restaurant­s.

“I see the golden triangle out to Toowoomba, up to the Sunshine Coast and down to the Gold Coast.

“Anywhere in Queensland will do well but I’d be hard pushed to find anywhere better to invest than the southeast.

“There’s great opportunit­ies on the Gold Coast, and there’s a lot of discretion­ary income,” Mr McGrath said.

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