A stabilising market across Queensland – and, indeed, Australia as a whole – offers some indication of upcoming calm, which could provide the launchpad for your own investment movements into commercial property in Surfers Paradise. According to the latest CoreLogic RP Data Hedonic Home Value Index, the three months to November saw national home values begin to slow down. However, this doesn't mean the market has bottomed out – simply that growth is becoming more sustainable nationwide, as opposed to the explosive growth seen earlier this year.
The November report found that average prices in the capital cities dropped by 0.3 per cent over the month, whilst individual capitals saw varying degrees of growth. CoreLogic RP Data research analyst Cameron Kusher said that over the three months to November, there was an overarching growth of 0.8 per cent in home values, pointing out the fluctuating nature of the market.
"Although combined capital city home values increased by a healthy 8.5 per cent over the 12 months to November 2014, the annual growth rate is now at its lowest level in the year – the rate of annual home value growth across the combined capital cities continued to slow after peaking at 11.5 per cent over the 12 months to April 2014," said Mr Kusher in a 1 December statement.
However, these residential markets are still offering a number of options for investors and owner-occupiers alike. As the population continues to grow, the need for more commercial options throughout the metropolitan areas – for both goods and employment purposes – will become increasingly important.
Now could be a great time to begin investigating the commercial real estate available in the local area, keeping a close eye on the up-and-coming residential areas. Buying into these areas offers increased chances of making a successful investment, allowing for the continued development of your investment portfolio.
Furthermore, being the owner of commercial property in Surfers Paradise could give you the opportunity to aid a youngster's career dreams. A new initiative being established by the state government aims to give thousands of younger Queenslanders the opportunity to work with local businesses, helping the development of the next generation.
Premier Campbell Newman said providing an incentive for businesses to get involved would be great for both students and the wider economy, getting young people into the business landscape in their community.
"The School to Trade Pathway incentive encourages employers to take on a school-based apprentice and retain them in a full-time apprenticeship after they finish school. Thousands of jobs are already being created under this government, but there is more to do and we know that improving prospects for our students is the best way to give them a brighter future," said Mr Newman in a 1 December statement.
Education, Training and Employment Minister John-Paul Langbroek said these opportunities give students the chance to get some real life experience before moving out and up onto the employment ladder themselves. In fact, these school matchings might even become full time options, facilitating the next generation's growth and development from a young age.
"For students it means more opportunities to enter a full-time apprenticeship directly after school, gaining hands-on experience and training with an employer and a leg up towards a career or perhaps even a business of their own one day," said Mr Langbroek.
Now could be a great time to get in touch with a local real estate agent and start investigating the commercial property options in Surfers Paradise. With the current economic situation offering people the chance to move into the market, the potential for great investments is a very real possibility in the Gold Coast.