Australia is experiencing a Sea Change. Large numbers of people are moving to be closer to the coast. Referred to as “The Great Southern Exodus”, just how does this impact on property values?

Family and friends from Sydney used to tell me that one day they would sell their Sydney home and with their profit move to the Gold Coast and pay cash for their dream home. The problem with that theory is that the value of real estate (like bananas and oil) is determined by supply and demand. Where there is no available land to develop new residential estates, such as is the case on the Gold Coast, and you have an ever growing population… property prices rise quickly!

The great Australian dream to own a home on a quarter acre block in the suburbs no longer exists. Today the dream it is to live as close as possible to the infrastructure, services and the beach. On a week end morning you  will see more people eating breakfast at a restaurant or beach-side café, reading the paper and enjoying a cappuccino than you will mowing their lawns and weeding their gardens.

This is all part of the research you as a property investor need to consider. What are the future demographics of the society in which we live and how will they impact on property values 5, 10 and 20 years from now?

Consider this, the Gold Coast offers everything you’d expect to find in a capital city and then some. With close proximity to a capital city job market, good transportation and infrastructure, world class shopping, theme parks, numerous five star golf courses, awesome beaches and a stable sub-tropical climate. It is no wonder why so many are making this place home.

Demographer and Author, Bernard Salt said “…Australians are moving to coastal strips at a remarkable pace, making the Gold Coast the fastest growing and most desirable region…

Sydney and Melbourne have done their stuff, they’ve built all they can build,’ he said. ‘They can’t pull any more rabbits out of their hats to entice people there. The big winners are the coastal towns”.

Gold Coast ‘Capital’ Growth

An article, titled Gold Coast ‘Capital’ Growth, appeared in today’s press said “THE hordes of interstate migrants flocking to the Gold Coast could turn the city into Australia’s de facto fifth ‘capital’ behind Sydney, Melbourne, Brisbane and Perth…” continue reading here

A 10 Year Plan For Retirement

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Happy Investing,

Nick Lockhart
mrd Customer Care Program… because investing is personal