Investors overshadowed by owner occupiers are returning to the Gold Coast property market in the wake of historically low rental vacancy rates and the opportunity to cash in on the property boom, according to senior agents.
Tony Ashwin, of Ashwin Property, says increased yields, rising property prices and bullish forecasts, are seeing a return of investors after a post-Covid hiatus.
Mr Ashwin says a notable cohort of investors have started to purchase in townhome projects on the northern Gold Coast, encouraged by price growth, increased yields and improving infrastructure.
“We are certainly seeing an uptick in investors inquiring, although the market is still predominantly owner occupier,” said Mr Ashwin, who is marketing the $650 million Serenity 4212, one of the leading waterfront developments on the northern Gold Coast at Helensvale.
“There is a lot less stock out in the market currently and investors are certainly being encouraged into master planned communities which have great internal and surrounding infrastructure.
“The supply of 4-bedroom homes has become particularly sparse on the Gold Coast, positioning this product as one of the most sought-after commodities on the property market.
“In the case of Serenity 4212, investors are attracted to the quality of the community that has been created because of the premium rental prospects associated with a project that has such a broad range of amenities such as parks and waterways.
“This helps with higher rents because of the additional lifestyle facilities.
“We are also located right next to the Coombabah Lakelands Conservation Area, which offers some of the broadest variety of birds and other wildlife anywhere in Australia adding to the attraction of Serenity 4212.”
Mr Ashwin said government infrastructure investment such as the Coomera Connector which is currently underway had encouraged investors back into the northern Gold Coast.
“The Coomera Connector has been a game changer because of the way it will drastically reduce travel times to the central Gold Coast.
“People working in Surfers Paradise or Broadbeach may not have considered living or renting in northern Gold Coast locations like Hope Island and Helensvale because of the travel times, but now we’re talking 15-20 minutes once the Coomera Connector is complete.”
Only 12 months after launching Serenity 4212, construction has now commenced on a range of waterfront homes and townhomes following a total sell-out of the project’s first two stages.
Serenity Waters – a collection of 110 waterfront blocks, and Serenity Green – a collection of 60 townhomes have all sold out, racking up over $148 million in sales.
The Brisbane-based developers behind Serenity 4212, Keylin and Kinstone Group have now released their third stage of the $650 million community, which was fast tracked in response to wave of buyer demand.
Serenity Reserve comprises a collection of luxury townhomes, set next to reserve parkland within the emerging Serenity 4212 community adjacent to Hope Island surrounded by glistening waterways, striking a chord with buyers, investors and owner-occupiers.
Serenity 4212 has become a location in the Gold Coast north shore which offers convenience alongside an idyllic lifestyle, with the Coomera Connector set to cut traffic congestion in half adding a level of connectivity the region is welcoming.
The upgrades for the infrastructure have seen an increase in home buyers in the region, as the increased connectivity drives property prices.
Keylin are also major contributors to the advancement of the infrastructure in the northern Gold Coast, contributing over $2 million to upgrading the nearby Sickle Park, located in Hope Island.