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Rentals in Surfers Paradise Attractive for Investors

By Andrew Bell

Investment in Surfers Paradise property could be a great opportunity to undertake in the current market, after vacancy rates tightened on the Gold Coast during December. This contrasts with what was recorded in the rest of the state, which could signal the Gold Coast as a lucrative area to invest.

The latest report from the Real Estate Institute of Queensland (REIQ) has found that vacancy rates increased across the state, which was felt the most in metropolitan hubs such as Brisbane.

However, this is not the case in Surfers Paradise. In fact, the entire Gold Coast saw the vacancy rate tighten between September and December 2013 – dropping from 2.2 per cent down to 1.9 per cent.

On the other end of the spectrum, Brisbane's vacancy rate increase by 1.7 per cent over the same period and now rests at a huge 4.1 per cent.

This could present a great chance for the purchase of rentals in Surfers Paradise. As a major tourist centre and overall attractive place to spend time, these investments could be a wise move for smart buyers in the coming months.

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