More Construction = More Jobs
In the lead up to the 2018 Commonwealth Games major developments on the Gold Coast were transforming the city into what we’d like to consider – Australia’s most beautiful city.
With a large number of new construction and infrastructure projects currently taking place within the Gold Coast and surrounding cities, there’s been a higher number of job opportunities becoming available. This helps drive demand and many people are moving in to take advantage of the great Gold Coast lifestyle and new job opportunities.
With higher demand, rental prices have been going up leaving many first home buyers looking for ways to get into the property market by taking advantage of the current $20,000 Queensland first home owners grant and record low interest rates.
Many home buyers are buying off the plan in new estates and developments. This helps to increase to even more construction jobs and higher demand.
Low Australian Dollar = Increased Foreign Interest
In recent times, the low Australian dollar has attracted more foreign visitors and investors. More people are opting to travel within Australia and particularly to the sunny Gold Coast for a cost effective holiday.
The low Aussie dollar also makes Australian property appear comparatively cheaper to foreign investors which is resulting in many seeking out a bargain. Whether we like it or not, foreign investors are buying our property and investing in major developments. This supports job growth and continues to increase demand.