I have been watching the Gold Coast property market for a number of years now. Keeping an eye on the property news, blogs and trends in that area with a view to buying (when the market is ready) a waterfront home at a bargain price.
Over the last twelve months to eighteen months the properties that I was originally seeing listed in the one point four million dollar range are currently sitting in the high nine hundred thousand or very close to the million dollar mark.
This is a big reduction over a short space of time fuelled by the number of local and overseas investors impacted by the global downturn.
As we are now seeing signs of recovery in the global financial markets and indications that investors will be returning to the market now.
Do you guys think the waterfront markets bottomed out or have i just missed the bottom???
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