Gold Coast new apartment prices??

GC unit market has had over supply issues for years, and although some prospectors are using the coming Commonwealth Games as a potential driver, its all pretty short term. Is this purchase for your own home or for investment purposes?

Please be very careful buying your first investment as a new apartment! You cannot control the entry price or add any instant value – which are two of the best reasons to invest in property. Also given your post it would appear you are not a local or overly familiar with the GC market. I am NOT bagging out the gold coast or south east QLD market, but its very risky buying new developments when you don’t understand what drives markets. The law of supply and demand is the key and learning how to measure and understand this is what separates successful investors from people who guess, pick something random and get their fingers burnt. I hate seeing that happen. Take your time, read as much as you can on the forums, there are plenty of good books out there. Education will improve your return.

Matusik is a fairly straight shooter as far as I can tell regarding his research, and he is far from the worst of the scammers and spruikers out there but remember I am pretty sure he is getting a commission on those recommendations so conflict of interest issues must be considered.