Southern Gold Coast market to see spike in investor activity: HTW residential
The northern New South Wales and southern Gold Coast market became segmented towards the end of 2018 with mixed results continuing into the first half of 2019, according to a recent Herron Todd White (HTW) residential report.
The report notes throughout the second half of 2019 however, agents advised that stable prices were seen along the coastal areas and in some instances, reported evidence of growth, particularly in the coastal suburbs of Coolangatta, Kingscliff and Casuarina.
Investment in further infrastructure throughout the area, with projects such as the Tweed Valley Hospital and the approved continuation of G:Link into Stage 3, has improved general market sentiment which should continue in 2020.
"It would appear that a slight spike in investor activity has occurred across the board with easing lending policy post the royal commission as well as an increase in domestic migration to the southern Gold Coast and Tweed Shire," the valuation firm said.
A Coolangatta three bedroom unit with ocean views has recently been sold for $920,000.
Situated at 307/3 McLean Street (pictured below), it comes with three bedrooms, open plan living area, kitchen and two bathrooms.
The apartment is located close to shopping, restaurants, cafes and beaches.
A current listing is a three bedroom townhouse situated at 5/9 Churchill Street, Coolangatta (pictured below).
It has been listed for sale with a price guide of $579,000.
Located 200m to Kirra Beach, the townhouse comprises three bedrooms, open plan living and dining, kitchen and single garage.
