Gold Coast tipped to perform in 2016: SQM Research
Gold Coast dwelling prices have been tipped to perform next year with new data from SQM Research predicting a rise of between 7% to 11% due to a number of factors including a strong tourism dollar, low rental vacancy rates and high rental yields.
Managing director of SQM Research, Louis Christopher, said they lifted their investment rating for the Gold Coast from 3.0 stars issued in 2011 to 3.75 stars.
“Back in 2010 the Gold Coast housing market suffered a perfect storm of events that created a major dwelling price crash," he said.
"A lot of those events have now dissipated and right now, there are many favourable economic factors which are helping to improve the region.
"So we believe Gold Coast property investors are likely to enjoy good returns, both in rents and capital growth for up to the next three years.”
