Gold Coast Investment Overview

THE Gold Coast remains the fastest-growing regional city in Australia, despite a slowing in the number of people moving to the city in the past year. A massive 70,047 people moved to the Gold Coast during the past five years – increasing the population by 15%, and second only to Brisbane, which expanded by 88,132.

The Gold Coast still leads Ipswich, Logan, the Sunshine Coast and Moreton Bay in terms of the number of people moving to the city. The Gold Coast’s northern suburbs of Upper Coomera, Pimpama and Ormeau, along with Southport, topped the country for fastest-growing regional suburbs. Desperate prospective tenants are flooding agencies with applications and flocking to inspections as demand for rentals across the Gold Coast is at a four-year high.

Financial Review 1 May 2013 “Signs of a housing market recovery have continued to emerge on the Gold Coast, with house prices surging in the March Quarter. The average Gold Coast house prices gained 7.4% during the period to $554,263.Gold Coast market was likely to be buoyed by low interest rates and employment growth prompted by the 2018 Commonwealth Games. The Gold Coast house market tended to work on a seven-year cycle which meant it was due for a price boom by 2015.

Over the past 3 years we have not been recommending properties in most areas of the Gold Coast due to the substantial over supply and resultant slump in prices. All of the signs of a recovery and future growth are there and we now feel confident to recommend certain locations on the Gold Coast to our clients.

Ormeau, Pimpama, Upper Coomera & Varsity Lakes

An RP Data population growth report showed 9 of the top 30 regional Australian growing suburbs were on the Gold Coast. Ormeau recorded a massive 227% boost to its population during the past five years while Coomera jumped by 154%. More than 6000 people moved to Upper Coomera during the past five years.

Coomera Town Centre driving surge… Coomera_Town_Centre

The long awaited Coomera Town Centre (approximately 50 hectares, which includes Dreamworld) will be centred around the Coomera railway station. This includes:

  • 100,000 sqm of Retail Space including Major Department Stores such as Myer
  • Government Offices
  • Commercial Precinct
  • Education Facilities
  • Library
  • Hospital and Medical hub

Coomera Profile

Coomera has long been seen by the Gold Coast City Council and State Government as the next satellite growth suburb of the Gold Coast.

With a population of around 12,000 the area is expected to multiply to about 80,000 over the next 20 years as the area develops into a self-sufficient regional centre. The Upper Coomera area has also seen much development with Coomera Springs, a residential development with lake, parkland and recreational facilities as well as other developments including Coomera Parklands, Coomera Grand, River Meadows and College Grange.

The predominant age group for the area is 30-40 years with households primarily couples with children.

The Coomera area boasts 5 schools both state and private including the Coomera Springs State School located between the Coomera Springs and Coomera Grand estates as well as 3 local childcare centres.

With public transport within walking distance and the train station only 5 minutes by car there is also local shopping centres that provide for essential household needs as well as restaurants, takeaway food outlets, service station and medical facilities are all within walking distance of the Coomera Grand estate.

Pimpama & Ormeau Profile

Pimpama is in the fast growing northern corridor of the Gold Coast, located within an estimated time of 30-40 minutes from Brisbane. Pimpama and northern suburbs are in great demand as the Gold Coast is becoming more land locked by the mountain ranges and the Northern NSW border. The continual high population increase is pushing to the northern corridor to meet with Brisbane, with Pimpama being the next move.

A growing number of development approvals are in place for infrastructure to cater to the demand, including the approval of the massive Coomera Town Centre set to be a transport and shopping mecca for this booming area. Reports show property growth for this area has had a solid track record to date and is predicted to go again once the Town Centre, transit hub and new hospital is completed over the next few years.

A new Pimpama shopping centre is marked to open in 2014 with Woolworths as the anchor tenant, right near a brand new primary school.

Pimpama is only 2km to Yatala Enterprise Area for Commercial Businesses, which employs over 14,000 persons. YEA provides major companies with a convenient location between both major airports and cities.

Ormeau sits adjacent to Pimpama and 11 k north of Coomera. The three suburbs share the facilities available such as rail station. Coomera Town Centre, theme parks, abundant employment and the great climate of the north Gold coast.

Varsity Lakes Profile

2007 UDIA Award Winner – best master planned community in Australia. Varsity Lakes has the highest median rents for 1 and 2 bedroom units with the lowest vacancy rates on the Gold Coast .

Varsity Lakes has its own rail station, close to M1 and joins 2 major arterial roads. Within 2km is Robina Town Centre, regional shopping, hospital, rail station, sports stadium, etc. Other features include:

  • Australia’s foremost private University – Bond University
  • Bond University and surrounding institutions – students total 8,000
  • Varsity Central office precinct – 6,000+ daily workers
  • Market Square – convenience shopping and restaurant precinct
  • Child care, primary and secondary schools
  • Comprehensive medical facilities
  • 80 hectare Lake Orr
  • 56 hectares of dedicated open space
  • 20 kilometres of walking and bike trails

 

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