Property investors flocking to Gold Coast hotspots once again

THE Gold Coast is morphing into an investor’s hotspot again.

REA Group this week revealed investor inquiry in the city was up 19 per cent yearon-year to April 2022.

The data shows Surfers Paradise, Southport, Broadbeach, Labrador and Pimpama are the most inquired investor suburbs.

It comes after a lull in investor activity during the height of the Covid pandemic.

Harcourts Coastal agent Katrina Keegan sells property in Surfers Paradise and said she was experiencing huge demand from investors.

“Twelve months ago there was a lot of fear in buying an investment property in Surfers Paradise,” she said.

“Now, it’s just mental. Everyone wants real estate here. It’s like you’re not anyone unless you’ve got a Gold Coast investment property.”

She said a lot of investors were choosing to sell, not to exit the Gold Coast property market, but to upgrade their investment.

The data revealed the most popular suburbs for investors looking for houses are in the booming northern corridor – they include Pimpama, Upper

Coomera, Coomera, Ormeau and Ashmore.

For units, however, investors are looking to secure beachside real estate in Surfers Paradise, Southport, Broadbeach, Labrador and Palm Beach.

REIQ Gold Coast chairman Andrew Henderson said it was only a matter of time before investors returned.

“Investors are seeing rent increases which have made it viable for them to be back in the marketplace.

“There also isn’t the same amount of competition for properties that they were seeing this time last year.”