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Australian luxury becoming a russian mecca. |
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 The Gold Coast of Australia has long been known for its great surf, beaches and eternal warm sunny weather. Backpackers from far and wide have always made the Gold Coast their second home from home for many years. It has become some kind of cult to travel to Australia and visit the Gold Coast. The Japanese have also seen the value of this bustling and trendy place, so much so that many shops and businesses along the coast are owned by the Japanese.
But the newest breed of investors came quietly, albeit forceful. The Russians. Cashed up from industries such as oil and mining, the Russians are now grabbing the many multi-million dollar waterfront investments along the Gold Coast.
Surfers Paradise is awash with high quality living apartments, penthouses and waterways villas and the Russians are smart and fluent enough to have seen the value of their investment.
While the day time hours sees tourists enjoying themselves in the surf, shopping for some goodies or just chilling out on the beach, night time tickles the senses with trendy bars, nightclubs, al fresco dining and mild evenings.
Having enjoyed a stable real estate market for some time now, the Gold Coast is bustling with new, yet to be built developments that will satisfy overseas and local investors.
Right now, the Russians are the biggest foreign investors into the area with a total of $34 million having been invested over the years of 2006-2007.
The 3,000 strong (and growing) Russian community on the Gold Coast is tight knit. They come to Australia to enjoy a better lifestyle, some even moving their business from Russia. They buy into a lifestyle that is unheard of in their own country with eternal sunshine and the warm weather to boost.
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posted by World Property
on Tuesday, April 07, 2009 @ 07:07:03 MST
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