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Prominent real estate identity John McGrath has put his money where his mouth is by opening a new office in a market he recently flagged as a top growth hotspot.
McGrath Estate Agents this week announced the opening of a new company-owned office in Paradise Point, its third office on the Gold Coast, and the 14th office in South East Queensland.
McGrath Paradise Point will complement the company’s Surfers Paradise office which has been serving the Gold Coast area for the past six years.
John McGrath said he believes South East Queensland will experience strong growth in 2016 as it presents excellent value for both investors and sea-changers.
“I believe the Gold Coast market will enjoy significant capital gain over the next few years,” Mr McGrath said.
“The northern end of the Gold Coast in particular has bounced back strongly post-GFC and we expect to see steady growth going forward,” he said.
“We are seeing very healthy cross-border buyer demand in the Gold Coast region, particularly from Sydney and Melbourne as they are attracted by the strong rental returns on their investment.”
In the latest McGrath Report, Mr McGrath identified Paradise Point as one of his top suburbs in Queensland, describing it as an affordable waterside suburb with a café scene and village atmosphere.
Located on the northern point of the Gold Coast between Hope Island and the Gold Coast Broadwater, the new office will service the area from Paradise Point in the north to Runaway Bay in the south, with key suburbs to include Hope Island, Helensvale, Arundel, Sanctuary Cove and Sovereign Islands.
The region hosts a wide variety of property styles, including prestige waterfront homes, acreages and apartments, with diverse price points.
Property prices range from $550,000 for a house in Runaway Bay to $6 million for a prestige home on Sovereign Islands.
