Global Power | Local Knowledge | Uniquely Personal
中文

Tweed property investments reco...

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

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.

Subscribe Now