PRDnationwide has highlighted the Gold Coast and Roma as two areas of Australia that could be set to flourish in terms of property development over the coming years.
Property Wire reports that the organisation believes a gradual recovery in property prices is to take place in these two locations, with significant potential returns open to those who recognise that both destinations could become property hotspots in the foreseeable future.
"There are exceptional buying opportunities present in the marketplace for those brave enough to test their nerve and savvy enough to buy well," PRDnationwide research analyst Robert Matta told the news provider.
Mr Matta added that a struggling market may not appeal to all buyers, but it does mean values are only likely to increase over the long term.
Meanwhile, the Property Council of Australia recently reported a significant downturn in Gold Coast sales, with data from PRDnationwide showing the number of has fallen to a low not seen in 25 years during the first six months of 2012.
Posted by Craig Francis
