- 141 new homes are needed a week to meet demand in the Gold Coast
- Capital growth prospects are good over the medium and long term
WHILE the most enthusiastic and optimistic apologists for Gold Coast real estate accept that the market is doing it tough, most insist the outlook is bright.
It’s all about fundamentals, according to RP Data national research director Tim Lawless, one of the nation’s top property analysts.
“Despite the current soft conditions, the solid fundamentals are likely to remain a positive driver of capital growth over the medium and long term,” he told the Gold Coast Bulletin.
Over the past calendar year the population of the Coast increased by 18,000 new residents, creating a demand for 7360 new dwellings – 141 new homes a week.
“The centrally located suburbs positioned along the Pacific Motorway account for over half the total population growth,” said Mr Lawless.
“With such a strong rate of growth, demand remains exceptionally strong and is a positive sign for the market.”
Source: News.com
