Global Power | Local Knowledge | Uniquely Personal
All Articles News FAQs Videos
中文

Gold Coast could be set for property boom after games award

A property expert has told Property Investor magazine that hosting the Commonwealth Games will improve the Gold Coast's real estate market.

Jan Somers, the founder of property forum Somersoft, has told Australian Property Investor magazine that the Gold Coast's role in the Commonwealth Games will give its housing market a boost and urged potential investors to move quickly to take advantage.

Her comments came after the region was awarded the 2018 Commonwealth Games over Sri Lankan city Hambantota this weekend. Although the Games will not begin for seven years, Ms Somers urged buyers to take advantage of the encouragement they have given the area.

"It takes a long time for the market to react so if you're going to buy anything and hope for a positive result, you really have to do it now," she said.

The property expert added that she felt the news had provided a 'psychological and moral' lift for the coastal Queensland region.

Scotland's biggest city, Glasgow, will host the 2014 edition of the event and previous hosts have included Melbourne and Auckland.

Posted by Ravin Chatlani

- Gold, coast, property, prices, Commonwealth, games

DISCLAIMER: All information provided is of a general nature only and does not take into account your personal financial circumstances or objectives. Before making a decision on the basis of this material, you need to consider, with or without the assistance of a financial adviser, whether the material is appropriate in light of your individual needs and circumstances. This information does not constitute a recommendation to invest in or take out any of the products or services provided by SMATS Services (Australia) Pty Ltd or Australasian Taxation Services Pty Ltd.

COPYRIGHT: All information provided is protected by international copyright laws. You may not copy, reproduce, distribute, publish, display, perform, modify, create derivative works, transmit, or in any way exploit any such content, nor may you distribute any part of this content over any network. Copying or storing any content is expressly prohibited without prior written permission of SMATS Group or the copyright holder identified in the individual content's copyright notice. For permission to use the content on please contact info@smats.net.

中文

Subscribe Now