by Amanda Cassar | Dec 17, 2024 | Economy, Property
Why the Gold Coast Property Market Is a Hot Topic in 2025
So, what is the future of property on the Gold Coast. The glitter strip continues to be a shining star in the Australian property market. With its stunning beaches, growing infrastructure, and thriving lifestyle appeal, it remains a prime location for investors, homeowners, and developers alike.
But as we move into 2025, the question many Gold Coasters are asking is: Is it the right time to buy, sell, or hold?
At Wealth Planning Partners, we know that property decisions are some of the biggest financial moves you’ll make. In this article, we’ll walk you through the key trends and opportunities shaping the Gold Coast property market in 2025, so you can make an informed choice with confidence.
Gold Coast Property Market Trends to Watch in 2025
1. Population Growth and Migration Are Fueling Demand
The Gold Coast remains a magnet for interstate migration, particularly from cities like Sydney and Melbourne. Recent statistics show strong population growth, driven by the lifestyle appeal and affordability compared to other major Australian cities. With continued migration expected in 2025, demand for housing—particularly family homes—will likely remain strong.
2. Infrastructure Projects Continue to Boost Property Value
Ongoing infrastructure development is a key driver of property value. Projects like the Light Rail Stage 3, the Coomera Connector, and upgrades to health and education facilities are enhancing livability and accessibility across the region. As these projects come to fruition, property values in surrounding suburbs are poised for growth. Check out Core Logic RP Data for further ideas…
Ideas for Some Key Suburbs to Watch:
- Coomera – Proximity to transport and amenities makes this a rising star.
- Pimpama – Continued development and family appeal.
- Southport – A hub for business and lifestyle.
3. Housing Supply Constraints Are Impacting Prices
While demand is increasing, housing supply remains constrained due to limited land availability and rising construction costs. This imbalance between supply and demand is likely to push property prices higher, particularly in high-demand areas.
4. Interest Rates and Their Impact
With interest rates stabilising in 2025, many investors and homeowners are finding renewed confidence in the future of property on the Gold Coast. Fixed rates remain attractive for those looking to secure long-term affordability, while property owners with existing loans may explore refinancing options to optimise their financial positions.
Should You Buy, Sell, or Hold Property in 2025?
Buy: Opportunities for First-Time Investors and Upgraders
For those considering buying property on the Gold Coast, 2025 presents strong opportunities in growth suburbs and lifestyle areas. Investors can benefit from rising rental yields, driven by increased demand and low vacancy rates.
Buying Tips:
- Focus on suburbs with upcoming infrastructure projects.
- Consider dual-income properties or homes with granny flats for added rental return.
- Lock in competitive loan rates early where possible.
Sell: A Strategic Move for Long-Term Owners
If you’ve held your property for a number of years, 2025 might be the perfect time to sell and capitalise on the market’s upward trajectory. High demand and limited supply could drive competitive buyer interest. It could be time to downsize after all!
Selling Tips:
- Invest in small improvements to boost your property’s value (e.g., fresh paint, landscaping).
- Work with local agents who understand the nuances of the Gold Coast market.
Hold: Long-Term Gains for Savvy Investors
For property owners with a strong equity position, holding may be the best strategy. Continued growth in demand, infrastructure, and lifestyle appeal ensures that property values are likely to appreciate further in the coming years.
Holding Tips:
- Review your loan structure and consider refinancing if rates are favourable.
- Focus on adding value through renovations or extensions.
- A garden tidy up, lick of paint or modernising fittings can be lower cost options for high impact.
Top Suburbs for Property Investment in 2025
If you’re wondering where to invest, here are a few standout Gold Coast suburbs worth considering:
- Nerang – Affordable homes with great transport links
- Tugun – Lifestyle appeal with proximity to the beach.
- Ormeau – Family-friendly with excellent infrastructure growth.
Key Takeaways: Making the Right Move in 2025
The future of the Gold Coast property market remains a robust investment opportunity as we head into 2025. Whether you decide to buy, sell, or hold, the key to success lies in understanding the local trends and aligning your strategy with your financial goals.
At Wealth Planning Partners, we’re here to help you navigate these decisions with clarity and confidence. Our expert team specialises in investment advice, financial planning, and wealth creation strategies tailored to your needs. Why not check out our YouTube video with our Director Amanda Cassar interviewing Alex Minter of Astute Property for more information on the future of property.
Ready to Make a Move? Let’s Talk!
If you’re considering a property decision in 2025, let’s connect. Book a consultation with the Wealth Planning Partners team today and take the next step towards building your financial future.
Contact us on 07 5593 0855 to arrange an appointment.
by Amanda Cassar | Feb 14, 2024 | Insurance & Protection, Uncategorized
It’s Valentine’s Day.
Love is in the air, and some of us are searching for that perfect gift to express our affection for those closest to us. And despite a grisly past, this day has come to be known for lovers… So just what is the ultimate gift of love this Valentine’s Day?
While chocolates and flowers are lovely, this year, consider giving a gift that transcends the ordinary. That is, the gift of protection and security. Yes, we’re talking about life insurance. The ultimate expression of love and care for your partner and family. In this post, we explore why life insurance is not just a financial product. It is a symbol of unwavering commitment and love.
5 Reasons Insurance is a Gift of Love
- Protecting Your Loved Ones: Life insurance provides a financial safety net for your loved ones in the event of your passing. It ensures that they can maintain their standard of living, pay off debts, cover funeral expenses. Also, allowing them to achieve long-term financial goals, even in your absence. By securing adequate life insurance coverage, you’re showing your commitment to protecting your family’s future. No matter what life may bring!
- Peace of Mind: One of the greatest gifts you can give your partner is peace of mind. Knowing that they and your family will be taken care of financially can alleviate stress and anxiety. This allows you both to focus on enjoying the present moments together. With life insurance in place, your loved ones can feel reassured that they have a financial cushion to rely on. This in turn gives the freedom to live without fear of financial hardship.
- Planning for the Unexpected: None of us can predict the future, but we can plan for it. Life insurance enables you to prepare for the unexpected and ensure that your loved ones are not left financially vulnerable if tragedy strikes. It provides for your spouse, supports your children’s education, and maintains your family’s lifestyle. Life insurance allows you to fulfill your responsibilities and promises, even when you’re no longer here.
- Demonstrating Long-Term Commitment: Giving the gift of life insurance is more than just a financial transaction – it’s a declaration of your long-term commitment and love. It shows that you’re thinking about your partner and family’s future. And also, that you want to continue caring for them, even beyond your lifetime. By taking proactive steps to secure their financial well-being, you’re strengthening the bond of trust and love that forms the foundation of your relationship.
- Tailored Solutions for Every Couple: Life insurance policies come in various forms and can be funded from personal or retirement savings. As a couple, you can customize your coverage to suit your unique needs, goals, and budget. Whether you’re newlyweds starting your journey together or seasoned partners planning for retirement, there’s a life insurance solution that can align with your specific circumstances. Thereby providing the protection you both deserve.
This Valentine’s Day, why not go beyond the traditional gifts and consider giving your loved one something truly meaningful – the gift of life insurance.
Ensure the future of your loved ones today
Basically, by safeguarding their financial future, you’re expressing your love and devotion in a tangible and enduring way. Yes, the ultimate gift of love this Valentine’s Day. Reach out to your Wealth Planning Partners’ adviser today to explore your life insurance options or call us on 07 5593 0855. So why not take the first step towards securing a lifetime of love and protection for those you hold dear?
Happy Valentine’s Day! Above all… don’t forget the chocolates!
by Amanda Cassar | May 8, 2023 | Australian Economy, Debt Management
by Amanda Cassar | Mar 20, 2023 | Business, Economy, US Economy
Silicon Valley Bank Failure!
*Note: This article was published in March 2023 following the Silicon Valley Bank collapse and reflects the information available at that time.
Market volatility has been elevated over the past week driven by the failure of the Silicon Valley Bank (SVB). Global banking system volatility is on the rise!
The unfolding situation in the United States could be seen as having echoes of the Global Financial Crisis (GFC) from 2008. This, combined with recent falls in Credit Suisse shares (which appear to be unrelated to US mid-tier banks), has caused jitters. This is despite SVB’s failure being the second largest in US history, when put into perspective. However, it’s assets are less than one tenth of J.P.Morgan’s, one of the major players in the US banking system.
The US Federal Deposit Insurance Corporation (FDIC) has already taken control of the SVB to navigate the collapse. They act to ensure the best interest of the financial system. Further announcements from U.S. Treasury have sought to calm the broader market of the financial system’s health. Also, to reassure the market the relevant tools are available. There will be no GFC-style bailout, nor will one be necessary.
American financial systems are considered to be well capitalised overall. According to Mark Zandi, Moody’s Chief Economist, the size of the smaller banks at risk is not likely to pose any threat to the financial system.
How it happened
• SVB has been operating in a relatively unusual manner. Instead of lending the deposits received, the Bank invested in long dated fixed interest rate bonds. This exposed the Bank’s assets to significant interest rate risk which was not sufficiently hedged.
• Given rising interest rates, the value of the bonds held to cover customer deposits have fallen significantly. The need to sell fixed interest rate securities to cover the withdrawal requests resulted in realised losses.
• Earlier in the month, a single sale resulted in a $1.8 billion loss. This led the Bank to raise capital to increase the balance sheet health. The capital raise failed, which prompted customers with deposits with the Bank to withdraw their funds. In turn, resulting in a run on the Bank.
• Within 48 hours the Bank was bankrupt with the FDIC taking control.
• The US Federal Reserve and US Government have guaranteed customer funds at SVB will be paid back in full.
• Major investment bank Credit Suisse experienced panic after the share price dramatically fell, with banking operations under pressure.
Overnight, the Swiss National Bank and the Swiss financial regulator announced support for the Bank. They announced, “Credit Suisse meets the higher capital and liquidity requirements applicable to systemically important banks.” They further confirmed they will “provide liquidity to the globally active bank if necessary.”
What to do?
Banking events like the SVB collapse remind us of the importance of diversification and long-term planning. If you’re unsure how global events influence your portfolio, personalised advice is key.
This current market volatility, while significant, does not alter our long-term views on how portfolios are positioned. It is important to manage your portfolio in line with long-term objectives, aligned to risk tolerance. Please give us a call to discuss your portfolio if you still have concerns.
by Amanda Cassar | Sep 19, 2022 | Self Managed Superannuation Funds
Time is running out to apply for a Director Identification Number (director ID)
You may have heard about the new rules which require directors of Australian companies to obtain a Director Identification Number (director ID). It is a unique 15-digit identifier that directors apply for once and keep forever.
The following provides some useful further information.
As a director of my SMSF’s corporate trustee do I need a director ID?
The new requirement to obtain a director ID applies to all directors of corporate trustees of an SMSF. This obligation also applies to any directors who may have resigned from all director roles after 31 October 2021. This applies even if you have no intention to ever be appointed as a director of an Australian or foreign company.
How long do I have before I need to get my director ID?
Individuals that were a director of any company prior to 1 November 2021 have until 30 November 2022 to get a director ID. This transitional period also applies to newly appointed directors of corporate trustees of an SMSF. This is provided they were an existing director, of a company, before 1 November 2021.
Otherwise, first time directors are now required to have a director ID before they are appointed as director of any company.
What is the fastest way to apply for a director ID?
With 30 November 2022 fast approaching, we strongly encourage all directors to apply for their director ID now. The fastest way to apply for your director ID is online at abrs.gov.au/directorID.
To access the director ID application online, you will use your myGovID to log in to ABRS (Australian Business Registry Services) online. This director ID demonstration video will show you how to apply for your director ID online.
What to do if you do not have a myGovID already?
A myGovID is different to your myGov account. Your myGov account allows you to link to and access online services provided by the ATO, Centrelink, Medicare and more. myGovID is an app that enables you to prove who you are and log-in to a range of government online services.
Don’t already have a myGovID? You will need to set this up before you can apply for your director ID online. Refer to mygovid.gov.au/setup for more information.
You will need to choose your identity strength, noting that ‘standard’ identity strength is the minimum required for a director ID.
What if I can’t set up myGovID online?
Where you are experiencing difficulties setting up your myGovID, the ATO encourages you to contact them on 13 62 50.
To speed up the phone application, please have your TFN ready as well as the information listed below, required to verify your identity.
If you’re unable apply online or over the phone, the ATO will provide you with a paper form to complete. This is the least preferred option and will require you to provide certified copies of documents to verify your identity.
Can we help you get your director ID?
You must apply for your director ID yourself, so that the ATO can verify your identity.
Verify your identity against your ATO records: once you have logged into ABRS online using myGovID, you’ll need your tax file number, residential address held by the ATO, and information from two of the following:
· bank account details (where your tax refunds or payments are made and received)
· an ATO notice of assessment
· a dividend statement
· Centrelink payment summary
· a PAYG payment summary (this is different to your income statement or your PAYG instalment activity statement).
How can we help?
Have questions or would like further information about director IDs? Please feel free to give me a call on 07 5593 0855. Or arrange a time for a meeting, so we can discuss your requirements in more detail. Although we are unable to apply for a director ID on your behalf, we would be more than happy to guide you through the process. And where possible, source documents to help you verify your identity with the ATO.
For other information, resources, and timely updates relevant to your SMSF, please refer to the SMSFA’s trustee education platform. SMSF Connect.
