The Australian property market could be seen as a bargain by people planning to purchase an investment property on the Gold Coast, an expert has predicted.
Oliver Hume Real Estate Group's Josh Brown expects this summer to see a huge boost in apartment sales across the state, reports the Courier-Mail.
Mr Brown said he expected a solid performance in this market over 2012 after uneven results over the last few years.
He added that the recent announcement that the Commonwealth Games are to be held on the Gold Coast could potentially pique the interest of property investors.
"I expect we will be seeing more purchasers ready to make a move now in order to capitalise on anticipated future growth," Mr Brown explained.
The property analyst predicted that the upcoming cut-off point for the Queensland government's building boost scheme would stimulate demand among buyers.
Liberal National Party shadow treasurer Tim Nicholls recently slated the government-funded project, pointing out that only a fraction of the budget set aside has been used.
Posted by David McElwain
