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Tweed property investments recommended for 2014

Investing in Tweed property could be a good move in 2014.

Property investments in Tweed could be popular next year as the area was picked out as an area of high potential.

PRDnationwide research analyst Jake Beazley suggested that the strong Australian dollar, teamed up Tweed's tourism-driven economy, will encourage buyers to snap up homes. 

Recent research from PRD Research showed Tweed unit prices fell by 4.2 per cent in the six months to August 2013, but Mr Beazley told the Northern Star that this is due to increased demand for more affordable housing. 

He added: "Many people are downsizing, so that needs to be met in the market." 

Mr Beazley's comments were backed up by Lenny McLennan of Rainbow Bay Realty, who said Cobaki Lakes and Kings Forest in particular are worth looking out for in the coming months. 

Australia's burgeoning property market has been a bright spot for the country's economy as it recovers from the global financial crash.

Sydney and Melbourne are among the cities to have seen strong house price growth in 2013. 

Posted by Steve Douglas

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