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An aerial view of residential housing on the Gold Coast.But he said it wasn’t all doom and gloom.“The good news is that house price growth is likely to remain strong due to the growing demand for existing affordable dwelling options and the desire to live in established coastal areas with an unrivalled lifestyle and good infrastructure,” he said.“This is driven by ongoing population growth from high levels of interstate buyers, high migration levels to coastal areas (particularly among Baby Boomers), a growing economy and a relatively buoyant labour market in Brisbane and the Gold Coast. RiskWise Property Research CEO Doron Peleg is warning buyers to “proceed with caution” before buying an off-the-plan property.DON’T get caught up in the hype of the Games.That’s the message from RiskWise Property Research CEO Doron Peleg.Mr Peleg said it was best to “proceed with caution” before signing on the dotted line and buying an off-the-plan property.He said while the Games would help put the Gold Coast property market on the world map, it was wise to do comprehensive research and risk analysis before purchasing. Snapper Rocks, Gold Coast.. Picture: Destination Gold Coast“The clear majority of these properties will be off-the-plan units, and these carry a high level of risk due to the potential for oversupply in some areas” he said.More from news02:37International architect Desmond Brooks selling luxury beach villa18 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days ago“This means buyers should proceed with caution as they could carry equity risk, cashflow risk and settlement risk.“Our research shows that 10,614 new units will be added to the Gold Coast property market over the next 24 months. “While this represents a small increase and is unlikely to have any significant impact on the market, Broadbeach, Surfers Paradise, Hope Island and Southport have a larger number of units in the pipeline, and these areas do carry a high level of risk.” An aerial view of residential apartments on the Gold Coast.The research house’s analysis shows the region has delivered solid property price growth over the past five years at 36 per cent for houses and 23 per cent for units.CoreLogic’s regional market update to December 2017 places the median house price at 634,423, while the median unit price is $411, 229.RiskWise Property Review was formed in 2016 with the goal of providing property risk advise and research services to help its clients make informed purchasing decisions