Southeast a property goldmine
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.