Burleigh Heads named top performer for capital growth
has taken out poll position for top performing investor suburbs on the Gold Coast
in a new report by leading property risk analysts, RiskWise.
NewsCorp’s Investor Magazine, CEO of
RiskWise Doron Peleg said that property in Burleigh Heads had ‘spiked the most’
over the previous 12 months, recording a compound annual growth rate of 10.8
the sought-after central hub of Benowa recorded a growth rate of 6.1 per cent
during the same period.
like these Mr Peleg was understandably upbeat about the future prospects of
Burleigh’s property market, citing intrastate migration and interest sparked by
the Commonwealth Games as contributing factors.
Heads, Mermaid Waters and Benowa having almost reached their maximum housing
development potential, house prices will likely continue to increase,” Mr Peleg
told the magazine.
are all in superb locations offering excellent beach access, popular shopping
options and easy accessibility to parks and recreation.”
Mark Smith from
PRD Burleigh Heads said a raft of projects earmarked for Burleigh and
neighbouring suburbs would contribute to sustained high growth in the immediate
“We’ve got the Council pushing to fast-track Stage 3 of the Light Rail network, which will terminate in the centre of Burleigh Heads,” Mr Smith said, “And projects like Sunland’s major development of the old Palm Beach caravan park, and Star’s 7-tower mega-project in Broadbeach will only contribute to the desirability of Burleigh Heads as a place to live and invest.”