Elanora tops list of 2017 Gold Coast property hotspots for unit investing

Elanora takes the equal top spot as Gold Coast's 2016/2017 hotspot for investing in units with an expected increase of five percent over the next 12 months.

The median price at Elanora is currently $375,000, according to APM, in their forecast developed by APM senior economist, Dr Andrew Wilson.

An example would be a two bedroom apartment at 2/10 Daisy Street (above) that was recently sold for $412,000, which is $37,000 above the median price.

The Smart Investor magazine, published by Fairfax Media, ranked Miami, Tugan and Runaway Bay as equal best hotspots.

Suburb                     Postcode         Median price         12 month forecast

 

Elanora                    4221               $375,000                5%

 

Miami                       4220              $437,000                 5%

 

Tugan                      4224               $400,000                 5%

 

Runaway Bay           4216                $511,000                 5%

 

Burleigh Waters       4220                $407,250                  4%

 

Mermaid Waters       4218                $367,000                  4%

 

Currumbin Waters    4223                $421,500                  4%

 

Biggera Waters        4216                $445,000                   4%

 

Broadbeach Waters   4218               $497,500                   4%

 

Benowa                   4217                $430,000                  3%