Shift in home own­er­ship

Weekend Gold Coast Bulletin - Property - - NEWS -

OWNER oc­cu­pancy be­tween Surfers Par­adise and Mer­maid Beach is set to in­crease over the com­ing years, with the in­tro­duc­tion of a new gen­er­a­tion of apart­ments suited to per­ma­nent res­i­dents.

Col­liers In­ter­na­tional res­i­den­tial di­rec­tor An­drew Roubicek said while dwellings de­signed for in­vestors had dom­i­nated the Coast sky­line in re­cent years, the tide was about to turn.

He said there was al­ready ev­i­dence of more Gold Coast­ers choos­ing to buy and re­side along the cen­tral coastal strip, with the lat­est Cen­sus pin­point­ing Mer­maid Beach as the most pop­u­lar beach­side lo­cale with 43.5 per cent of dwellings now owned out­right or mort­gaged, fol­lowed by Broad­beach with 40.7 per cent own­er­ship and Surfers Par­adise with 39.9 per cent.

“There has been a scarcity of apart­ments de­signed with owner oc­cu­piers in mind in re­cent years, sim­ply be­cause the mar­ket was more geared to­wards in­vestors but that is now start­ing to change,” he said. Mr Roubicek said while the Coast was still ap­peal­ing to in­ter­state buy­ers, he pre­dicted many new owner oc­cu­piers would be lo­cals mov­ing from sur­round­ing sub­urbs.

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