Wednesday, September 16, 2009

Gold Coast Living is great

This is the 3rd time I have returned to the Gold Coast to live, this time with my wife and children.

I would have to say it is one of the best places to live and if you are thinking of investing in property here is a word of advice, only invest in houses here.

I believe the only people making money on the Units are the Developers, Real Estate agents and Govt with the Stamp Duty. Oh I forgot also the Property Mangers and Body Corporate.

I remember a few years ago before the Q1 was built.

A client of mine wanted to invest in a unit that was going to cost around the 1 million mark, I said to her that she would be better of investing in 3 normal house and land properties. Because when you’re investing into 1 Million dollar property, your only dealing with a minority of people that can actually afford to rent out that unit.

As the story goes, a year later the client rang me and said she should listen to me as they weren’t getting anything near the rent they were supposed to get and the value had already dropped in price.

The Gold Coast is such a beautiful place but sometimes it's so beautiful that people lose focus and make some silly decisions. So when ever you want to do something on the Gold Coast make sure you talk to the locals as they will give you the behind the scene news.

There are some properties on the Gold Coast the agents will only sell to people from Interstate, why, because they are blind and not knowing what is happening in the area, I'll give an example.

Florida Garden is in Broadbeach, but there are some areas that are right across the road from Thousands of Bats, and as you know they sleep during the day but as night approaches you see them flying of and the noise is crazy, not to mention the small they have when you have the wind blowing in the right direction.

I was looking at a property their and asked the Agent about the Bats and he said yes they are a problem and Interstate people will buy that property anyway because they don’t know about the Bats.

If your thinking of investing or buying a home on the Gold Coast, it will be one of the best moves you have ever made but make sure you ask someone like myself questions on where you want to live so I can direct you in the right direction.

Here is a video I have put together where you can see the changes from Gold Coast used to be till now.

Click here to view it now


Kind Regards

Dino Livanidis
www.npis.com.au



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