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Surfers Paradise Approvals Double Over Last Year

By Andrew Bell

Surfers Paradise property market has been highlighted as one of the strongest growth points in Queensland, with the latest release from the Housing Industry Association (HIA) highlighting the region's overall growth with regards to the state. 

According to HIA Queensland Executive Director Warwick Temby, statewide home approvals for the three months leading to January are up by 48 per cent – a healthy increase over the same time 12 months earlier. 

Furthermore, the Gold and Sunshine Coasts have seen their approvals more than double during this period, highlighting the increasing demand for property in the area and the rising supply to meet these new residents' needs. 

"Overall the home building industry in Queensland is looking at a strong level of activity in 2014 and go some way to filling the investment gap from lower levels of resource industry spending," said Mr Temby in a March 4 statement. 

This could provide a perfect opportunity to secure investment real estate in Surfers Paradise. With the impending population boom expected to hike up demand in the coming years, purchasing Surfers Paradise property could be a great way to begin a portfolio and secure a slice of the real estate market ahead of time. 

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