After years of doom and gloom post-GFC and a recently less than glamourous housing industry, which saw many Builders migrate south for work, the Queensland property market – particularly in the Gold Coast region – has pulled its socks up and is now experiencing a development and housing boom! For property investors, the northern Gold Coast suburbs from Coomera to Pimpama are certainly worth taking a look at.
When looking for a good investment you need:
- Population Growth
- Rental Demand and Housing Shortage
- New Development
- Resident Facilities
Currently the Gold Coast ticks all the boxes and more…
The Queensland government has predicted that there will be a demand for over 6000 new homes in this area by 2030. Currently the area has a population in excess of half a million growing strongly, with a housing shortage and tight rental market. This only means one thing – the demand for more new housing is high. Property Investors Take Note.
The population growth is supported with a growth in employment with 6000 new jobs created last year. The long-awaited Coomera Town Centre was given the green light in March last year and will be a mix of retail, commercial and residential use covering 680 hectares. Other facilities such as Schools are also being added to the mix with 7 new schools in the area since 2009, and 10 more to be built across Queensland in the next 5 years.
Pimpama, dominated demographically by young, affluent family populations with above average incomes has also benefited recently (400 new jobs) from the development of a multi-million dollar shopping centre, providing residents with local facilities rather than travelling to Coomera for groceries and shopping. There are also many new housing estates surrounding Pimpama, catering for the growing population and being located within close proximity to local facilities and services.
Here at investmentproperty.com.au we have access to the best investment deals with local builders in the surrounding housing estates. Contact us today for more information.
For more information on picking hotspots see: http://investmentproperty.com.au/where-to-buy-investment-property