{"id":1499,"date":"2017-08-17T16:41:49","date_gmt":"2017-08-17T06:41:49","guid":{"rendered":"http:\/\/www.inspectmyhome.com.au\/blog\/?p=1499"},"modified":"2021-12-13T15:21:50","modified_gmt":"2021-12-13T05:21:50","slug":"booming-suburb-near","status":"publish","type":"post","link":"https:\/\/www.inspectmyhome.com.au\/blog\/booming-suburb-near\/","title":{"rendered":"Is this booming suburb near you?"},"content":{"rendered":"

The Gold Coast suburb of Nerang is shedding its down-market image with a host of new apartments in the pipeline, making it Australia’s second fastest apartment boom suburb with a 12-month increase of 39%.<\/p>\n

Bankwest\u00a0general manager broker sales Stewart Saunders<\/a>\u00a0said while the rest of the country was experiencing huge declines in medium density housing, Nerang was continuing a long-term trend towards apartment living.<\/p>\n

“Over the 12 months to March this year three quarters, almost 80 per cent of all housing approvals in Nerang were for medium density housing.” Mr Saunders said.<\/p>\n

LJ Hooker Nerang<\/a> sales manager Chris Pittaway said developers predicted \u201chuge growth potential\u201d in Nerang.<\/p>\n

\u201cI have lived in Nerang for the past 14 years after I moved here from Sydney and I think it has evolved a bit like Redfern,\u201d he said. \u201cNo one wanted to touch it in the past but now a lot of new developments have started springing up. There is a new Red Rooster, a service station and a golfing and tennis academy KDV Sport and these have given the place a modern facelift.\u201d<\/p>\n

He said Nerang\u2019s location and infrastructure were driving interest.<\/p>\n

Mr Pittaway said the suburb wasn\u2019t considered an option for many people in the past but it was now high on the list for home buyers and investors.<\/p>\n

Click here to read the full article @ realestate.com.au<\/a><\/p>\n

If you’re looking to buy an apartment or home in Nerang, contact our Gold Coast building and pest inspectors<\/a> to check the property. Even if the property has just been built, a handover report<\/a> is essential to look for any building defects, poor workmanship or incomplete finishes.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Gold Coast suburb of Nerang is shedding its down-market image with a host of new apartments in the pipeline, making it Australia’s second fastest apartment boom suburb with a 12-month increase of 39%. Bankwest\u00a0general manager broker sales Stewart Saunders\u00a0said while the rest of the country was experiencing huge declines in medium density housing, Nerang … <\/p>\n

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