Data is now showing that a growing number of residents of Melbourne and Sydney are now choosing to rent in their own home towns rather than buying property in their excessively expensive cities. However, in order to get a foothold on the property ladder, these same residents are now looking into the Gold Coast, among other areas, to invest in property.
Realestate.com.au chief economist Nerida Conisbee calls the trend “rentvesting”, where buyers are willing to pay rent and invest their money in growing markets. And more than 513,000 searches for homes on realestate.com.au in 2018 were concentrated to within 30 kilometres of the Gold Coast.
Read the full story here: realestate.com.au
Perfectly suited for an owner occupier or investor is the latest Mermaid Beach development, Bela by Mosaic.
Designed by nationally renowned architecture and design firm Rothelowman, the architecture is distinctive, timeless and in harmony with its iconic beachside location. The design is focused on delivering an unsurpassed luxurious residential experience with breathtaking beach, ocean and coastal views along both the north east and south east coastline.
Pre-release sales have been exceptionally strong, however there are still some prime apartments available.