Elanora tops list of 2017 Gold Coast property hotspots for unit investing
Staff reporterDecember 7, 2020
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%