Consider construction when investing in Surfers Paradise property
The future growth of your local community is decided by a number of different factors. Some of these are within your control, and some of them won't be. If you're an investor in Surfers Paradise property, it's in your best interests to try make your real estate purchase as worthwhile as possible. Supporting the development of local infrastructure and jobs is one of the most important things to consider when it comes to this.
If you're looking to expand your property portfolio in the future, it could be worth investigating options that quite literally start from the ground up. The Housing Industry Association (HIA) recently said this industry is expected to reach the second highest level of activity on record during 2014, with renovations also beginning to recover nationwide.
Providing new real estate as well as construction jobs to the local area will help encouraged continued growth in the area, aiding the strength of the Gold Coast region as a whole. HIA chief economist Harley Dale said residential construction is making a "vital contribution" to the sustained development of the nation's economy.
"Residential construction investment will make strong contributions to Australia's economic growth this year and next, and will boost demand across significant parts of the manufacturing, retail and supply/distribution sectors," said Mr Dale in a 16 June statement.