Demand for house and land packages in the Gold Coast corridor is on the rise, as buyers look for traditional detached homes on family-sized lots and without the inner city price tag.
In the past 10 days alone, I’ve heard interest rates are rising, interest rates will hold for at least 2 more years and even that they could crash again to stimulate a soft market stuck in regulatory purgatory thanks to the Hayne Royal Commission.
Virtually every single property deal from 2018 is at or above issue price, which is no mean feat given the market volatility which has sent so many capital raisings and IPOs outside the property sector into a downward spiral.
Our 57 lot Morayfield project, Oakland Pocket, is looking fantastic - with construction now completed. We expect title registration as soon as January 2019. Watch the video here.
Long term investors should be cautious but should not lose focus on the wealth building nature of the cliff rather than the potential to fall off it.