Sydney Investors

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<p>Miles Residences is one of the Gold Coast’s most sought-after residential beachfront projects in the pipeline.</p>

<p>The development of 118 apartments is part of the redevelopment of the Kirra Beach Hotel. The brains behind the operation is the family-ran KTQ Group, led by Peggy Flannery, who are behind the award-winning Elements of Byron Bay.</p>

<p>[smartcode_project:default project_id=27575]</p>

<p>They've already seen unprecedented levels of success in the $180 million Development with over 80 per cent of apartments sold in just under 3 months since launching.</p>

<p>There has been a strong uptake from local investors, with around 52 per cent coming from Queensland and 37 of those are lifestyle investors.</p>

<p><a href="https://www.urban.com.au/new-apartments/miles-residences-kirra-point-corner-miles-street-and-marine-paradise-kirra"><img alt="" height="1628" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/kirra_beach_hotel_new_1.jpg" width="1800"></a></p>

<p>KTQ Group Development Director Jeremy Holmes says the high level of Queensland buyers is mainly due to the local market acting quickly to choose their ideal apartment.</p>

<p>"They have been waiting 10 years for this project and didn’t want to miss out on the uninterrupted view lines.” </p>

<h2>What investors need to know</h2>

<p><strong>Infrastructure</strong></p>

<p>Despite the market booming from COVID-19, there are hopes the Gold Coast apartment market will continue to grow due to the strong infrastructure pipeline.</p>

<p>Some $2.3 billion has been allocated to upgrade the G-Link Light Rail which currently runs as far south to Broadbeach.</p>

<p>The next stage will see the south terminus become Burleigh Heads, then, as part of the Gold Coast City Transport Strategy 2031, it will head as far as the airport at Coolangatta, less than a few kilometres from Miles Residences.</p>

<p><a href="https://www.urban.com.au/new-apartments/miles-residences-kirra-point-corner-miles-street-and-marine-paradise-kirra"><img alt="" height="800" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/kirra_miles_residences_living_area__0.jpg" width="1200"></a></p>

<p>The airport is undergoing a $370 million redevelopment, and work has begun on the $673 million upgrade of the nearby Tweed Hospital.</p>

<p>North of Miles Residences toward Broadbeach there's The Star Gold Coast's $2 billion master plan which allows up to seven towers to be built, one of which, a $63 million tower, is reported to be homing a Marriott Brand W Hotel.</p>

<p><strong>Apartments are in high demand</strong></p>

<p>The two most popular destinations for interstate migration are the Sunshine Coast and the Gold Coast, the REIQ note. Some 7000 migrants moved to Queensland in the December quarter.</p>

<p>Surfers Paradise, which recorded more than 2,100 vacant rentals at the peak of the pandemic nine months ago, currently has 0.7% stock availability.</p>

<p><a href="https://www.urban.com.au/new-apartments/miles-residences-kirra-point-corner-miles-street-and-marine-paradise-kirra"><img alt="" height="896" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/miles_kirra_views_0.jpg" width="1200"></a></p>

<p>Record low vacancies have been reported across the entire Gold Coast, particularly in the south where there's a 0.3 per cent median vacancy.</p>

<p>“What we’re seeing is an unprecedented level of diminishing rental availability that’s placing significant pressure on our State’s housing sector – so much so that it’s unsustainable and why urgent action is required to better support both increased and ongoing property investor activity in the Queensland property market and the contributions they make to the state economy,” REIQ president Antonia Mercorella said.</p>

<p>For the last details and to check availability connect with the team at Keenan &amp; Co via <a href="https://www.urban.com.au/new-apartments/miles-residences-kirra-point-corner-miles-street-and-marine-paradise-kirra">Miles Residences</a>.</p>

<p> </p>
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There has been a strong uptake from local investors, with around 52 per cent coming from Queensland and 37 of those are lifestyle investors.

Joel Robinson

Miles Residences investors safe and sound with local infrastructure boom and sea-changer trend

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<div>Today's Lending Finance figures from the ABS showed that total lending is trending down from a relatively high level. </div>
<p><a href="https://www.propertyobserver.com.au/images/2017/04/13/C3.jpg" target="_blank">Click to enlarge</a></p>
<div class="separator"><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/04/13/C3.jpg" alt=""></div>
<div> </div>
<div>You'll have to subscribe for my reports to get the industry level insights as there isn't enough space for them here, but summarily commercial lending to businesses is rather struggling along. </div>
<div><strong><span style="text-decoration: underline;"> </span></strong></div>
<div><strong><span style="text-decoration: underline;">Reflexivity in action</span></strong></div>
<div> </div>
<div>I will just take a quick look at property investor loans here, though, as this is always a popular data series. </div>
<div>
<br>The value of investor loans is still trending down in Western Australia, though of course the median value of property has also declined. </div>
<div> </div>
<div>Most of the recent resurgence in investor lending since the ALP pledged to quarantine negative gearing deductions to new builds has been seen in Sydney and then Melbourne, in that order. </div>
<p><a href="https://www.propertyobserver.com.au/images/2017/04/13/C1.jpg" target="_blank"> Click to enlarge</a></p>
<div class="separator"><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/04/13/C1.jpg" alt=""></div>
<p><br><span>Meanwhile, investors continue to give Darwin the cold shoulder.</span></p>
<p><a href="https://www.propertyobserver.com.au/images/2017/04/13/C2.jpg" target="_blank">Click to enlarge</a></p>
<div class="separator"><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/04/13/C2.jpg" alt=""></div>
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<div>Paradoxically, macroprudential policies implemented at the national level are needed by many of Australia's declining housing sub-markets like a hole in the head. </div>
<div> </div>
<div>That's ultimately why investors need to focus on quality - it doesn't necessarily matter all that much what 'the' Aussie housing market is doing, rather that the property or properties you own is doing relatively better than the rest! </div>
<div> </div>
<div>This is particularly true now that banks are becoming far less inclined to extend loans to investors for large portfolios, while implementing tighter serviceability criteria. </div>
<p> </p>
<p class="p1"><span class="s1">PETE WARGENT is the co-founder of <a href="https://allenwargent.com/" target="_blank"><span class="s2">AllenWargent</span></a> property buyers (London, Sydney) and a best-selling author and <a href="https://petewargent.blogspot.com/" target="_blank"><span class="s2">blogger</span></a>.</span></p>
<p class="p2"><span class="s3"><em>His latest book is </em><a href="https://www.bigskypublishing.com.au/Books/General-Interest/Four-Green-Houses--and-a-Red-Hotel/1015/productview.aspx" target="_blank"><span class="s2"><em>Four Green Houses and a Red Hotel</em></span></a><em>.</em></span></p>
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pwargent-M4siyDbqQY

Investors pile into Sydney: Pete Wargent

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<p>Melbourne's top weekend auction sale was when a Sydney buyer secured a luxury $2,062,000 Williamstown townhouse.</p>
<p class="x_first-para">The <a id="LPlnk408407" class="x_OWAAutoLink" href="https://www.domain.com.au/4-stanley-street-williamstown-vic-3016-2014367621" target="_blank" rel="noopener noreferrer">4</a><a id="LPlnk157413" class="x_OWAAutoLink" href="https://www.realestate.com.au/sold/property-house-vic-williamstown-128317538" target="_blank"> Stanley Street</a> three-bedroom home was built two years ago, with a rooftop terrace overlooking the bay towards the city.</p>
<p class="x_first-para"><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/6/12/williamstown2.jpg" alt=""></p>
<p class="x_first-para">It had been offered by Williams agent Michael Harvey with $1.8 million to $1.9 million hopes.</p>
<p class="x_first-para">Williamstown's median house price sits at nearly $1.5 million.</p>
<p> </p>
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