Real estate industry figure John McGrath says Gold Coast property market is ‘undervalued’

first_imgJohn McGrath is predicting the Gold Coast will continue to benefit (from growth) over the next five years.LEADING real estate industry figure John McGrath is tipping 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.”More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North2 hours ago02:37International architect Desmond Brooks selling luxury beach villa22 hours agoVideo Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 3:46Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -3:46 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Trackdefault, selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenGrowth of regional hubs03:46Mr McGrath’s top suburb pick on the Gold Coast in his McGrath Report 2018, released on the weekend was Coomera.WHY COOMERA IS SET TO BOOMHe 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.”last_img

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