Oxenford, Helensvale, Kirra and Coomera are the best places to buy for 2016
The Gold Coast Bulletin reports that the sleepy northern suburb of Oxenford has emerged as one of the top areas to watch for property investment in 2016.
Real Estate Institute Queensland Gold Coast zone chairman John Newlands said northern Gold Coast areas, including Helensvale and Oxenford were the hottest suburbs to buy into during the coming year due to the flurry of infrastructure being built in the area.
“You’ve got the heavy rail going to Brisbane and light rail coming down from these areas and there is just an immense amount of infrastructure being built up there,” Mr Newlands said.
“Oxenford is also being developed in a big way but it’s still very affordable — you can buy homes in the $450,000 range up that way.”
Gold Coast property analyst Terry Ryder agreed the northern growth corridor was the top pick for first homebuyers in 2016.
“The residential housing markets are expected to do well in 2016 and that northern growth corridor covering Coomera, Pimpama, Upper Coomera and Oxenford is going to do well because that’s where there is still land available for new development,” he said.
The hotspotting.com.au founder said the potential for employment on the northern Gold Coast made the area a good spot for those looking for stable work.
“There are a lot of job nodes with the theme parks, industrial estates like Yatala and the Coomera Town Centre moving full steam ahead, so there is a lot of employment on offer, particularly for younger people,” he said.
“With the Westfield at Coomera and other growth drivers, that area is certainly where I’d be focusing as a property buyer because the area is also relatively affordable compared other parts of the Gold Coast.”
Stephanie Gibson, 55 and Colin Pithie’s, 64, home at Oxenford went under contract this week after being sold by RE/MAX Regency Gold Coast agent Nicole Pihl.
The couple, who are downsizing after living there for 16 years, said they hoped to buy a new home in the area because it was close to so many amenities.
“We’ll stay in the area because we do enjoy it here — we’ve now got all the shops nearby and it’s just so convenient,” Mr Pithie said.
Mr Newlands said coastal Kirra and Greenmount were also suburbs to watch as they offered cheaper homes near the beach.
“Geographically, these areas are still in a good locations and for people who like the beach and a quieter lifestyle, the southern end is a good choice,” he said.
“The airport is also a big driver of employment down that way and people can still get around easily as Kirra is serviced by the M1.”
Interest in Burleigh Heads is also expected to continue into 2016, with the area continuing to see demand from buyers wanting to live near the coast.
Property guru John McGrath also listed Paradise Point as one of the top suburbs in Queensland in his annual McGrath Report for 2015.
The McGrath Estate Agents chief executive ranked Paradise Point as one of the top five suburbs for buying property in Brisbane and surrounds.
Mr Newlands also said some pockets in Southport’s Chirn Park area were a good pick for 2016.
Acknowledgement: This article was reported in Gold Coast Bulletin Real Estate on 29th December, 2015. Written by:Alexandria Utting – News Corp Australia Network