Burleigh Heads named top performer for capital growth

Burleigh Heads

Burleigh Heads has taken out poll position for top performing investor suburbs on the Gold Coast in a new report by leading property risk analysts, RiskWise.

Speaking to 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 per cent.

In comparison, the sought-after central hub of Benowa recorded a growth rate of 6.1 per cent during the same period.

With statistics 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.

“With Burleigh 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.

“(The suburbs) are all in superb locations offering excellent beach access, popular shopping options and easy accessibility to parks and recreation.”

Mark Smith from PRDnationwide Burleigh Heads said a raft of projects earmarked for Burleigh and neighbouring suburbs would contribute to sustained high growth in the immediate area.

“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.”