Gold Coast Real Estate Investment

 Hello all, Many investors keep expanding their portfolios and depend on their real estate agents to guide them. They do not take the pains to understand the process of calculating the ROI. It hurts me as a commercial property owner. It is highly important for the investor to know how the expenses are calculated and what is his cash-on-cash return to gauge the profit generated from the property. It is quite easy to calculate these numbers and get the ROI. Without these, you cannot identify the profitability of the asset in the long run. Thus, here is an article that will help you to calculate ROI on a rental property. https://www.commercialproperty2sell.com.au/blog/2022/03/how-to-calculate-roi-on-a-rental-property.php

 A proposal for Far North Queensland's first surf park at Port Douglas is a case of deja vu for many in the tropical north. The $317 million NorthBreak surf park, approved by Douglas Shire Council, has been welcomed by community leaders but others, used to seeing big announcements go nowhere, will be keeping their fingers crossed this project actually goes ahead. Over the years, international developers have come and gone from the Far North, with big-ticket projects amounting to billions of dollars, but very few see the light of day. Read More: https://www.abc.net.au/news/2022-04-04/northbreak-port-doughlas-developments-cairns-failure/100932234

 More than 2,300 people moved to Pimpama on the Gold Coast last financial year, one of highest migrations to any regional area in Australia, according to the Australian Bureau of Statistics (ABS).  The new data comes as the Gold Coast prepares to facilitate a predicted 1 million residents in the next decade. Ray White principal in Pimpama Peter Catanzariti said the reflection of growth in the ABS statistics backed up what local real estate agents were seeing. "We've certainly seen massive growth in terms of buyers wanting to buy into the Pimpama marketplace," he said. Read More: https://www.abc.net.au/news/2022-03-31/pimpama-population-growth-infrastructure-challenge/100950960

 While the "perfect storm" of rising building costs could impact the construction sector for the next two years and fuel already surging property prices, confidence among some in the Gold Coast industry remains firm.  Building demand and supply chain issues have seen the cost of construction materials rise significantly in the past 12 months, with major firms including Condev and Probuild collapsing. Regional manager for Master Builders Gold Coast Adam Profke said the industry was "fairly nervous". "It's the perfect storm. We are still bracing for those prices to rise," he said. Read More: https://www.abc.net.au/news/2022-04-01/gold-coast-construction-industry-under-perfect-storm-/100954738