Real estate industry figure John McGrath says Gold Coast property market is ‘undervalued’
In a recent realestate.com.au
article, real estate industry figure John McGrath has tipped the Gold Coast property market to benefit from the 2018 Commonwealth Games for the next five years.
“Having experienced Sydney in 2000 with the Olympics and knowing what the Gold Coast has to offer, I can only say the Commonwealth Games will be an amazing postcard to the world,” Mr McGrath said.
“You’ve got the fact the whole world will be exposed to an incredible city and lifestyle, as well as the fact the infrastructure investment in the lead-up has been prolific and the market is so undervalued.
“I think the Gold Coast will continue to benefit (from growth) over the next five years.”
Mr McGrath’s top suburb pick on the Gold Coast in his McGrath Report 2018, released on the weekend was Coomera.
He said Coomera would benefit from new infrastructure including the $470 million Westfield Shopping Centre which is expected to open in late 2018.
“There are a lot of great areas in between Brisbane and the Gold Coast and Coomera is a great example,” Mr McGrath said.
“I think it will continue to grow.”