News

Opportunities for Affordable Property in Queensland

By Amanda Shannon

If you're a buyer who would like to enjoy an affordable property in a great area, then you may be interested to hear that there may be many hidden opportunities in Queensland's high-end areas.

According to new information from the Real Estate Institute of Queensland (REIQ), there are many "hidden treasures in prestigious suburbs across Queensland".

Information showed that despite many prestigious suburbs having high median property prices, there are still great affordable deals to be found by buyers in the market.
For example, the median price for Gold Coast property sits at $1.06 million. However, in December 2012 a Surfers Paradise property sold for $454,000.

"In all major regions, over the past 12 months, there have been relatively affordable house sales in suburbs which are classified as some of the most desirable to live," said REIQ chief executive Anton Kardash.

"The results are encouraging for upgraders, entry-level purchasers and investors alike with prime location no longer an unrealistic criterion in the quest for the perfect Queensland property."

If you are an investor, upgrader, or first home buyer looking to secure houses for sale in the Gold Coast, get in contact with a Ray White Broadbeach agent today for expert and localised knowledge.

Up to Date

Latest News