A Word from our Principal, Dennis McDermott LREA, FREIQ

A warm welcome to our Investment Property owners from our new premises in Miami!

We are thrilled to be able to relocate to larger, more accessible premises, while still providing the same exceptional service to our clientele across the Gold Coast.

The market here remains strong, as we’ve seen over the last 4-5 years or so. The Gold Coast, Brisbane and Qld in general have all seen solid growth, indeed some of the strongest growth areas in the country. The medium-term outlook remains promising, due mainly to interstate migration. There are headwinds predicted though…

May 12 has finally come and gone, with the Federal Budget release for the 2026/27 year. The Federal Budget was expected to focus on cost-of-living pressures, productivity, and tax reform following the 2025 election. You will by now be aware of the release and further discussion regarding Capital Gains Tax changes, around the current 50% discount. For now at least no changes will commence until 1 July, 2027 for existing investment properties. The details can be somewhat complex, so we recommend further research and discussion with your accountant and financial advisor following the budget release. We will endeavour to provide a simplified report on changes later in May, once the dust has settled. Interest rates have also increased again this month.

Our strong market, shortage of quality properties for sale or rent and our high lifestyle desirability will continue to underpin your investment performance here on the Gold Coast. The rental vacancy rate remains around 1% or less in our current market. Whether you are considering divesting or adding to your portfolio, please reach out to us directly. We are happy to provide a Market Update report for your existing investment property at your request.

Please join me in welcoming Katie Owles, our newest member of the team here at McDermott Residential.

We thank you again for your business and look forward to continuing to be of service to you.