If you're considering purchasing apartments for rent in Broadbeach or any of the surrounding area, now could be the perfect time to start looking at your options. The latest release from the Australian Property Monitors (APM) has highlighted the expectation of continued growth across the area heading into the future.
The rising prices and the increasing buyer demand being seen across the region makes this a great time to secure property for your portfolio, especially medium density real estate like apartments and townhouses. These are becoming increasingly popular in metropolitan areas and could become extremely worthwhile over the years.
"The central and south Gold Coast suburban regions have clearly been the best performers of the all the regions over the past year with prices growth over 2013 of 5 percent and 12.5 percent respectively," said APM Senior Economist Dr Andrew Wilson in a March 10 statement.
Furthermore, unemployment rates are continuing to drop. As the local begins to pick up speed, these benefits will spill over into other aspects of the community – including real estate development and rental needs.
Now could be a fantastic time to begin considering Broadbeach real estate as the next addition to your property portfolio.