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Real estate buyers flocking to Gold Coast west

By Amanda Shannon

Those who are looking for residential real estate in the Gold Coast will be interested to know that residents are looking for property further west of the beach.

Nerang, Worongary and Highland Park are all areas where affordable pricing is creating interest amongst first home buyers and people interested in investment properties.

News Limited reports that these suburbs are becoming more and more popular as Real Estate Institute of Queensland (REIQ) research shows, they are some of the cheapest suburbs in the entire Sunshine State.

Median house prices for Nerang, Highland Park and Worongary are $335,000, $342,000 and $347,000 respectively.

REIQ Gold Coast zone chairman John Newlands said these prices are starting to produce patterns.

He mentioned to goldcoast.com.au: "We are starting to see a new trend developing where people are buying an investment property in a place like Nerang.

"Then they rent a place for themselves in areas like Main Beach, Surfers Paradise and Broadbeach, where they want to live."

If you are looking for that ideal living property, then talk to Ray White Broadbeach about how the branch's expert team can ensure your foray into the property market is a successful one.

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