What does the Gold Coast property market look like for 2022? As we reach the end of the first quarter of the year and look forward to the rest of 2022, we’ve rounded up the most important property investment 2022 hints and tips for you. 

Will house prices on the Gold Coast go up in 2022?

It looks highly likely that property prices in the Gold Coast area will continue to rise throughout 2022. The past year saw enormous increases in property prices right across the country — not least here in Queensland — and it just seems to keep going.

However, experts suggest that investors may need to tone down their expectations. While growth will continue, the rate of this growth is likely to be lower than what we have seen in recent months.

According to industry experts, the big picture is that property prices are expected to slow down in 2022. This is due to affordability constraints and a possible rise in interest rates.

From some of the bigger players: CBA expects “dwelling prices to grow moderately” in 2022. ANZ predicted that prices would “peak in December 2021 and then fall in the new year, due to tighter lending criteria, higher stock on the market and affordability pressure.”

What does the property market look like for Gold Coast in 2022?

As state and international border restrictions have eased, an optimism from interstate and international buyers continues to feed the property market.

From what we’re seeing, it seems unlikely that the rapid growth of recent months is sustainable. However, the predicted slower rates of growth could provide better stability for investors in the long term.

Remote working may or may not be here to stay as we see employers encouraging employees back into the workplace while COVID restrictions continue to ease. The 2022 McGrath Reports states that “demand for homes along the coast and in regional areas is expected to increase rather than relying on peak demand during school holiday periods.” Areas like the Gold Coast and Sunshine Coast are obvious beneficiaries.

QBE’s Gold Coast house price predictions are for “interstate immigration to continue to drive dwelling demand in Gold Coast.” This may see the median house cost rise by 19% over three years, to June 2024. That would increase the median Gold Coast house price to $915,000.

McGrath predicts that the Gold Coast’s lifestyle appeals will continue to increase in the near term and attract more homebuyers. In the long-term, McGrath believes that the Brisbane Summer Olympics in 2032 will be a major factor in price growth. The Olympics will “bring enormous broad benefits to South East Queensland over 10 years.”

They also highlight the new developments in the pipeline. One example is a new township called SkyRidge on the Gold Coast that will include 3,500 new homes. This project is due to be completed in 2036.

Where Are the Best Gold Coast Suburbs to Invest In?

Many of the Gold Coast’s suburbs and areas are looking forward to solid levels of growth through 2022 and into next year. These, we believe, are some of the most attractive options for investment.

Ashmore

Ashmore is located just a few kilometres southwest of Southport, which has seen a significant growth period followed by flattening prices. This suggests that nearby suburbs could be next in line to experience price increases, and Ashmore is one of the key candidates in this region of the Gold Coast.

Biggera Waters

The property market of Biggera Waters is also heavily influenced by nearby Southport and is located around 6 kilometres to the north. The proximity to the ocean could also help to drive property prices and rental rates in the coming year and beyond.

Coolangatta

Coolangatta has excellent domestic transport links to the rest of Queensland and further afield in Australia, as well as an international hub — the Gold Coast Airport — right on its doorstep. It’s proximity to Brisbane and Sydney will contribute to potential property price rises in the future.

Currumbin

Currumbin is well-positioned just to the south of Surfers Paradise and only half an hour from the international Gold Coast Airport. While property values have rocketed right across the Gold Coast in the past 12 months, Currumbin looks to be one of the strongest growth areas for 2022 and beyond.

Make the right move in the Gold Coast property investment market

Professional Lending Solutions is here to help you expand your options in the Gold Coast property investment market and secure the funding you need to build your portfolio. Work with us for access to a top-notch lending network and personalised assistance. 

Get in touch online or call 07 5597 6049 to talk to our expert brokers today.