Forum

 
  Back to OzPolitic.com   Welcome, Guest. Please Login or Register
  Forum Home Album HelpSearch Recent Rules LoginRegister  
 

Pages: 1 2 3 4 5 
Send Topic Print
Gold Coast (Read 4781 times)
Gordon
Gold Member
*****
Offline


Australian Politics

Posts: 20202
Gordon
Gender: male
Re: Gold Coast
Reply #45 - Apr 28th, 2017 at 8:26am
 
John Smith wrote on Apr 28th, 2017 at 7:57am:
Gordon wrote on Apr 26th, 2017 at 4:24pm:
What's the best suburb on the Gold Coast for a big freestanding 4-5 Br house.  Budget $1 to 1.5m


Are they after a beach suburb? or a more rural location? Talle and currumbin valley are nice but in the bush. Still only 10 - 15 minute drive to the beach.
My favourite location is Burleigh. Especially anything near the headland.


Burleigh is the only bit of the Goldy that doesn't feel tacky (to me)
Back to top
 

IBI
 
IP Logged
 
Gordon
Gold Member
*****
Offline


Australian Politics

Posts: 20202
Gordon
Gender: male
Re: Gold Coast
Reply #46 - Apr 28th, 2017 at 8:29am
 
John Smith wrote on Apr 28th, 2017 at 8:01am:
Bobby. wrote on Apr 27th, 2017 at 7:32pm:
Gordon wrote on Apr 27th, 2017 at 1:39pm:
Bobby. wrote on Apr 26th, 2017 at 9:06pm:
Gordon wrote on Apr 26th, 2017 at 8:02pm:
Bobby. wrote on Apr 26th, 2017 at 7:35pm:
Gordon wrote on Apr 26th, 2017 at 4:24pm:
What's the best suburb on the Gold Coast for a big freestanding 4-5 Br house.  Budget $1 to 1.5m



The Gold Coast is risky -
I know someone who lost a lot of money by investing there.


Did he accept free flights and accommodation to inspect a new development then used the valuer and mortgage broker suggested by the real estate agent?



It was she & she lived in Coolangatta so knew the area well.


Did she buy off the plan from a shoddy builder or just overpay?



She just overpaid thinking that property would go up -
but it went down in price.



Unlike Sydney and Melbourne where for decades the price has only gone up, the Gold Coast market fluctuates. There are over half a million holiday units here, all owned by investors. As soon as there is a bump in the economy anywhere in the country the investors from those locations sell their property on the gold coast, causing prices here to fall.

If you buy when the market is peaking, you risk losing money on a downturn. If on the other hand you buy during a downturn, you can make a lot of money.

At the moment the market is pretty high, although there are still a lot of good buys out there.



Does the quality residential market fluctuate with the investment stock?

And what is the most recognisably prestige suburb? I'm guessing Burliegh?


Back to top
 

IBI
 
IP Logged
 
John Smith
Gold Member
*****
Offline


Australian Politics

Posts: 71950
Gender: male
Re: Gold Coast
Reply #47 - Apr 28th, 2017 at 9:23am
 
Gordon wrote on Apr 28th, 2017 at 8:29am:
John Smith wrote on Apr 28th, 2017 at 8:01am:
Bobby. wrote on Apr 27th, 2017 at 7:32pm:
Gordon wrote on Apr 27th, 2017 at 1:39pm:
Bobby. wrote on Apr 26th, 2017 at 9:06pm:
Gordon wrote on Apr 26th, 2017 at 8:02pm:
Bobby. wrote on Apr 26th, 2017 at 7:35pm:
Gordon wrote on Apr 26th, 2017 at 4:24pm:
What's the best suburb on the Gold Coast for a big freestanding 4-5 Br house.  Budget $1 to 1.5m



The Gold Coast is risky -
I know someone who lost a lot of money by investing there.


Did he accept free flights and accommodation to inspect a new development then used the valuer and mortgage broker suggested by the real estate agent?



It was she & she lived in Coolangatta so knew the area well.


Did she buy off the plan from a shoddy builder or just overpay?



She just overpaid thinking that property would go up -
but it went down in price.



Unlike Sydney and Melbourne where for decades the price has only gone up, the Gold Coast market fluctuates. There are over half a million holiday units here, all owned by investors. As soon as there is a bump in the economy anywhere in the country the investors from those locations sell their property on the gold coast, causing prices here to fall.

If you buy when the market is peaking, you risk losing money on a downturn. If on the other hand you buy during a downturn, you can make a lot of money.

At the moment the market is pretty high, although there are still a lot of good buys out there.



Does the quality residential market fluctuate with the investment stock?

And what is the most recognisably prestige suburb? I'm guessing Burliegh?




yep ... I know of properties going for $950k+ pre gfc that dropped to sub 6's post GFC.

Most prestigious suburb is probably Main Beach (full of arrogant wankers), Burleigh Heads would be up there. Most expensive street is Hedges Ave at Mermaid Beach (commonly referred to as millionaire row), Sovereign Island is also fairly posh (don't know why, I don't like it). There are many other suburbs all up and down the coast that have 'expensive' pockets. I'd stay away from Coolangatta unless they're looking for an investment property.
Back to top
 

Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.
 
IP Logged
 
greggerypeccary
Gold Member
*****
Offline


Australian Politics

Posts: 130891
Gender: male
Re: Gold Coast
Reply #48 - Apr 28th, 2017 at 9:24am
 
John Smith wrote on Apr 28th, 2017 at 9:23am:
Gordon wrote on Apr 28th, 2017 at 8:29am:
John Smith wrote on Apr 28th, 2017 at 8:01am:
Bobby. wrote on Apr 27th, 2017 at 7:32pm:
Gordon wrote on Apr 27th, 2017 at 1:39pm:
Bobby. wrote on Apr 26th, 2017 at 9:06pm:
Gordon wrote on Apr 26th, 2017 at 8:02pm:
Bobby. wrote on Apr 26th, 2017 at 7:35pm:
Gordon wrote on Apr 26th, 2017 at 4:24pm:
What's the best suburb on the Gold Coast for a big freestanding 4-5 Br house.  Budget $1 to 1.5m



The Gold Coast is risky -
I know someone who lost a lot of money by investing there.


Did he accept free flights and accommodation to inspect a new development then used the valuer and mortgage broker suggested by the real estate agent?



It was she & she lived in Coolangatta so knew the area well.


Did she buy off the plan from a shoddy builder or just overpay?



She just overpaid thinking that property would go up -
but it went down in price.



Unlike Sydney and Melbourne where for decades the price has only gone up, the Gold Coast market fluctuates. There are over half a million holiday units here, all owned by investors. As soon as there is a bump in the economy anywhere in the country the investors from those locations sell their property on the gold coast, causing prices here to fall.

If you buy when the market is peaking, you risk losing money on a downturn. If on the other hand you buy during a downturn, you can make a lot of money.

At the moment the market is pretty high, although there are still a lot of good buys out there.



Does the quality residential market fluctuate with the investment stock?

And what is the most recognisably prestige suburb? I'm guessing Burliegh?




yep ... I know of properties going for $950k+ pre gfc that dropped to sub 6's post GFC.

Most prestigious suburb is probably Main Beach (full of arrogant wankers), Burleigh Heads would be up there. Most expensive street is Hedges Ave at Mermaid Beach (commonly referred to as millionaire row), Sovereign Island is also fairly posh (don't know why, I don't like it). There are many other suburbs all up and down the coast that have 'expensive' pockets. I'd stay away from Coolangatta unless they're looking for an investment property.


Prices will plummet, once the Gordies move in.

Back to top
 
 
IP Logged
 
John Smith
Gold Member
*****
Offline


Australian Politics

Posts: 71950
Gender: male
Re: Gold Coast
Reply #49 - Apr 28th, 2017 at 9:26am
 
greggerypeccary wrote on Apr 28th, 2017 at 9:24am:
Prices will plummet, once the Gordies move in



sounds like a good idea for a new TV series, 'Here come the Gordies'.


...
Back to top
 

Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.
 
IP Logged
 
greggerypeccary
Gold Member
*****
Offline


Australian Politics

Posts: 130891
Gender: male
Re: Gold Coast
Reply #50 - Apr 28th, 2017 at 10:01am
 
John Smith wrote on Apr 28th, 2017 at 9:26am:
greggerypeccary wrote on Apr 28th, 2017 at 9:24am:
Prices will plummet, once the Gordies move in



sounds like a good idea for a new TV series, 'Here come the Gordies'.


http://www.nbntv.com.au/images/tv-content/2016/here-come-the-habibs-310x200.jpg


Wrinkly old men in speedos, yelling at their poor freezing kids in tracky dacks who aren't allowed to turn the heater on.

cods would watch that   Smiley
Back to top
 
 
IP Logged
 
Lisa Jones
Gold Member
*****
Offline


Australian Politics

Posts: 39047
Sydney
Gender: female
Re: Gold Coast
Reply #51 - Apr 28th, 2017 at 10:17am
 
freediver wrote on Apr 28th, 2017 at 6:26am:
According to the people calling the housing bubble, Sydney and Melbourne are the worst. I'd be very nervous putting my life savings into those markets at the moment.



Absolute rubbish!

Rubbish!
Back to top
 

If I let myself be bought then I am no longer free.

HYPATIA - Greek philosopher, mathematician and astronomer (370 - 415)
 
IP Logged
 
Jovial Monk
Gold Member
*****
Offline


Dogs not cats!

Posts: 43272
Gender: male
Re: Gold Coast
Reply #52 - Apr 28th, 2017 at 10:55am
 
With homeowners already in mortgage stress and the next move by the RBA will be up I would not invest in Sydney and Melbourne either.
Back to top
 

Get the vaxx! 💉💉

If you don’t like abortions ignore them like you do school shootings.
 
IP Logged
 
Lisa Jones
Gold Member
*****
Offline


Australian Politics

Posts: 39047
Sydney
Gender: female
Re: Gold Coast
Reply #53 - Apr 28th, 2017 at 11:04am
 
Jovial Monk wrote on Apr 28th, 2017 at 10:55am:
With homeowners already in mortgage stress and the next move by the RBA will be up I would not invest in Sydney and Melbourne either.


The RBA has SFA to do with that!

You haven't got any money to invest anywhere anyway.
Back to top
 

If I let myself be bought then I am no longer free.

HYPATIA - Greek philosopher, mathematician and astronomer (370 - 415)
 
IP Logged
 
Gordon
Gold Member
*****
Offline


Australian Politics

Posts: 20202
Gordon
Gender: male
Re: Gold Coast
Reply #54 - Apr 28th, 2017 at 11:09am
 
Lisa Jones wrote on Apr 28th, 2017 at 11:04am:
Jovial Monk wrote on Apr 28th, 2017 at 10:55am:
With homeowners already in mortgage stress and the next move by the RBA will be up I would not invest in Sydney and Melbourne either.


The RBA has SFA to do with that!

You haven't got any money to invest anywhere anyway.


Demand is still insane.
I went thru a knocker downer yesterday with dual oc potential.  Offered 2.5 and got knocked back as it has to go to auction as it's a deceased estate.

There were about 5 builder types sniffing around it too
Back to top
 

IBI
 
IP Logged
 
greggerypeccary
Gold Member
*****
Offline


Australian Politics

Posts: 130891
Gender: male
Re: Gold Coast
Reply #55 - Apr 28th, 2017 at 11:12am
 
Gordon wrote on Apr 28th, 2017 at 11:09am:
Lisa Jones wrote on Apr 28th, 2017 at 11:04am:
Jovial Monk wrote on Apr 28th, 2017 at 10:55am:
With homeowners already in mortgage stress and the next move by the RBA will be up I would not invest in Sydney and Melbourne either.


The RBA has SFA to do with that!

You haven't got any money to invest anywhere anyway.


Demand is still insane.
I went thru a knocker downer yesterday with dual oc potential.  Offered 2.5 and got knocked back as it has to go to auction as it's a deceased estate.

There were about 5 builder types sniffing around it too


$2.50 ?

Don't spend the heating money, Gordy.

Back to top
 
 
IP Logged
 
Lisa Jones
Gold Member
*****
Offline


Australian Politics

Posts: 39047
Sydney
Gender: female
Re: Gold Coast
Reply #56 - Apr 28th, 2017 at 11:17am
 
Gordon wrote on Apr 28th, 2017 at 11:09am:
Lisa Jones wrote on Apr 28th, 2017 at 11:04am:
Jovial Monk wrote on Apr 28th, 2017 at 10:55am:
With homeowners already in mortgage stress and the next move by the RBA will be up I would not invest in Sydney and Melbourne either.


The RBA has SFA to do with that!

You haven't got any money to invest anywhere anyway.


Demand is still insane.
I went thru a knocker downer yesterday with dual oc potential.  Offered 2.5 and got knocked back as it has to go to auction as it's a deceased estate.

There were about 5 builder types sniffing around it too


Yep....Sydney and Melbourne have a long way to go before any market correction takes place.

And that's a fact!
Back to top
 

If I let myself be bought then I am no longer free.

HYPATIA - Greek philosopher, mathematician and astronomer (370 - 415)
 
IP Logged
 
Redmond Neck
Gold Member
*****
Offline


OzPolitic

Posts: 20606
ACT
Gender: male
Re: Gold Coast
Reply #57 - Apr 28th, 2017 at 11:31am
 
Lisa Jones wrote on Apr 28th, 2017 at 11:17am:
Gordon wrote on Apr 28th, 2017 at 11:09am:
Lisa Jones wrote on Apr 28th, 2017 at 11:04am:
Jovial Monk wrote on Apr 28th, 2017 at 10:55am:
With homeowners already in mortgage stress and the next move by the RBA will be up I would not invest in Sydney and Melbourne either.


The RBA has SFA to do with that!

You haven't got any money to invest anywhere anyway.


Demand is still insane.
I went thru a knocker downer yesterday with dual oc potential.  Offered 2.5 and got knocked back as it has to go to auction as it's a deceased estate.

There were about 5 builder types sniffing around it too


Yep....Sydney and Melbourne have a long way to go before any market correction takes place.

And that's a fact!



"Thats a fact!"

Famous last words one would hear from a Real Estate Agent, Car Salesman or any other con man!    Grin Grin Grin
Back to top
 

BAN ALL THESE ABO SITES RECOGNITIONS.

ALL AUSTRALIA IS FOR ALL AUSTRALIANS!
 
IP Logged
 
Lisa Jones
Gold Member
*****
Offline


Australian Politics

Posts: 39047
Sydney
Gender: female
Re: Gold Coast
Reply #58 - Apr 28th, 2017 at 11:35am
 
Redmond Neck wrote on Apr 28th, 2017 at 11:31am:
Lisa Jones wrote on Apr 28th, 2017 at 11:17am:
Gordon wrote on Apr 28th, 2017 at 11:09am:
Lisa Jones wrote on Apr 28th, 2017 at 11:04am:
Jovial Monk wrote on Apr 28th, 2017 at 10:55am:
With homeowners already in mortgage stress and the next move by the RBA will be up I would not invest in Sydney and Melbourne either.


The RBA has SFA to do with that!

You haven't got any money to invest anywhere anyway.


Demand is still insane.
I went thru a knocker downer yesterday with dual oc potential.  Offered 2.5 and got knocked back as it has to go to auction as it's a deceased estate.

There were about 5 builder types sniffing around it too


Yep....Sydney and Melbourne have a long way to go before any market correction takes place.

And that's a fact!



"Thats a fact!"

Famous last words one would hear from a Real Estate Agent, Car Salesman or any other con man!    Grin Grin Grin


Oh God.....another nutter with no money,  no property under their belt and no idea.

Shocked
Back to top
 

If I let myself be bought then I am no longer free.

HYPATIA - Greek philosopher, mathematician and astronomer (370 - 415)
 
IP Logged
 
Bobby.
Gold Member
*****
Online


Australian Politics

Posts: 94106
Melbourne
Gender: male
Re: Gold Coast
Reply #59 - Apr 28th, 2017 at 11:47am
 
Jovial Monk wrote on Apr 28th, 2017 at 10:55am:
With homeowners already in mortgage stress and the next move by the RBA will be up I would not invest in Sydney and Melbourne either.



I bought a house in Melbourne 1 year ago.
I have only a tiny mortgage & the prices went up 16% in that time.
I'm well ahead & it was the best thing I've ever done.
Back to top
 
 
IP Logged
 
Pages: 1 2 3 4 5 
Send Topic Print