I believe that right now is one of the best times that we will ever see to snap up well located properties on the Gold Coast of Australia. There are many older units in underutilized blocks of 4 or 5 where the land is already zoned for much higher usage. However the prices that these units currently command does not reflect the true land value of such properties once you consider the development potential of such blocks.
Broadbeach properties are one such example of what I see as potentially huge future gains. Broadbeach is located just one suburb south from the famous holiday destination Surfers Paradise. It has undergone huge transformation over the last few years and is now known to locals as a more stylish and affluent alternative to surrounding suburbs.
Predominantly Gold Coast investors by in large have not yet cottoned on to the opportunities that currently lie with many properties here. There is a huge parcel of under developed land between The Broadbeach cafe district and the Surfers Paradise border.
Many of these units are selling for similar prices of units in areas that do not have the same development potential. My family and I have recently gained control of a block of 5 units with family in this area that is currently zoned 7 stories. I believe in coming years the very proactive Gold Coast council could double this height limit on such properties.
Savvy developers are now looking very closely at these opportunities and if you can buy into or even control a whole block in this area you could see some very nice gains in the medium term.
The secret I have found to successfully investing in Gold Coast properties is to find ones with value for future higher use. The rest of the world can buy their overpriced new stock whilst I concentrate on properties with renovation, subdivision or high-rise development potential.
To learn more about investing in Properties on the Gold coast Click Here, to visit the Properties Gold Coast website.
Click Here to buy Properties on the Gold Coast.
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