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Gold Coast

Posted by Paul Wilson

Gold Coast Property News – Supply and Demand – the number of new arrivals to the Gold Coast far outweighs the number of houses being built! This is great news for investors; low vacancy rates & capital growth forecast. The Gold Coast Weekend Bulletin’s Lucy Ardern reports on 2 & 3 January:


“Concern [has been] expressed about how the Gold Coast will house its rapidly growing population. Midwood Report author Mill Morris recently reported work had started on only 3400 houses on the Gold coast in the past financial year, when 152000 people arrived in the same period. “if you divide that number by about 2.3 people, that means construction only started on about 50% of the houses needed here” he said.”


The Gold Coast Sun’s Hayley Sultanie reports on Jan 14, 2010 that “It;s boom time for landlords! The gold coast rental market has hit its peak season but supply is failing to meet demand. The heightened level of search for accommodations, coupled with low vacancy rates, means there is often more competition in securing a property.’


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