Miami tops list of 2017 Gold Coast house hotspots

Miami takes the equal top spot on a list of Gold Coast's 2016/2017 top hotspots for investing in houses, part of a new forecast developed by APM senior economist, Dr Andrew Wilson.

The median price at Miami is currently $620,000 with an expected increase of 6% over the next 12 months, according to APM.

Several recent sales in the area are indicating that prices in the area may be on the move.

A three bedroom house at 48 Lemana Lane (above)recently sold for $675,000, which is $55,000 more than the median house price.

Similarly a three bedroom house at 39 Kallay Street (above) was recently sold for $648,000 – $28,000 more than the median price.

The forecast, published by Fairfax Media's The Smart Investor magazine, ranked Palm Beach and Mermaid Beach as the equal best investor hotspots.

Suburb              Postcode       Median price         12 month forecast

Miami               4220              $620,000                           6%

Palm Beach       4221              $690,000                           6%

Mermaid Beach  4218              $1,292,500                         6%

Ashmore            4214             $535,000                            5%

Mermaid Waters  4218             $700,000                           5%

Paradise Point     4216             $940,000                            5%

Broadbeach Waters 4218         $991,000                            5%

Tugun                  4224           $553,500                            4%

Bilinga                  4225           $540,000                            4%

Currumbin             4223           $810,000                            4%