SUBURB TO WATCH
SOUTHPORT: Prices rise in the Gold Coast
The CBD of the Gold Coast, Southport is a rapidly growing suburb with much potential for investors.
Both houses and units have recorded significant growth over the five years to December 2017. Nonetheless, units remain affordable at a median value of $375,174, with a strong average rental return of 5%.
Established in the late 1800s, Southport has become a bustling centre that houses the Australia Fair Shopping Centre and a plethora of restaurants. There is an ongoing initiative to enhance its appeal further through developments like the Queen Street Village project on the former site of the Gold Coast Hospital, including a retail complex, a medical centre and office spaces.
Southport is also home to the $2bn Gold Coast University Hospital, the city’s largest public health facility.
Affordability: Apartments are low-priced in Southport, despite considerable positive growth
Amenities: Southport is a foodie paradise and a shopper’s dream, with a range of shops and restaurants.
Whether you are looking to buy your first home, move home, refinance, or invest in property, a mortgage broker can help. Access loans from all the major lenders, get help with paperwork – plus there is no charge for this service.
