Join our investing community

Investing in Apartments on the Gold Coast

Discussion in 'Real Estate' started by Chris C, 16th Jun, 2008.

  1. Chris C

    Chris C Well-Known Member

    Joined:
    2nd Apr, 2008
    Posts:
    1,327
    Location:
    Brisbane, QLD
    I was just wondering what people's opinions were of investing in apartments on the Gold Coast. I was recently looking into it and it seems there has been quite a drop in the prices of apartments (though there is a lot of supply coming on board in the near future - ie Soul). I noticed Q1 has a lot of apartments up for sale - what do people think?
     
  2. DaveA

    DaveA Well-Known Member

    Joined:
    19th Feb, 2007
    Posts:
    617
    Location:
    Sydney, NSW
    thats the only place i would PERSONALLY not by ever...

    to many similar apartments, to much compitetion (ie apartments above you with a better view)... i would maybe look at a house around there but i would stay away from apartments..

    this is my opinion and is based on no factual conclusion, just from my own readings and opinons...
     
  3. Billv

    Billv Getting there

    Joined:
    15th Jul, 2007
    Posts:
    1,796
    Location:
    Sydney, NSW
    Chris

    When I think of gold coast apartments I think of ageing blocks with high maintenance and high strata fees.

    I also believe that as the cost of living goes up people start to tighten up their belts and they will be holidaying less so Gold coast and other tourism regions could suffer.

    Cheers