(Pictured) The northern Gold Coast, featuring the Coomera Marine Precinct, $470 million Westfield shopping centre and sought after developments such as our very own Camelot in Coomera estate with packages from $500,000.
Coomera is set to boom according to leading real estate industry figure John McGrath.
The northern suburb was Mr McGrath’s top suburb pick on the Gold Coast in his McGrath Report 2018, released last week.
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Coomera was the fourth fastest growing area in Queensland in the 10 years to 2016 according to the ABS,” the report states,
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Coomera will benefit from new infrastructure including the $470 million Westfield Shopping Centre which is expected to open in late 2018.”
“The affordability of southeast East Queensland is attracting record levels of interstate migration as well as rising interest from investors and first home buyers, with its housing market continuing to produce solid results,” it stated.
The report also revealed property prices on the Gold Coast were “responding and increasing at a healthier rate than Brisbane” because of the buzz around the 2018 Commonwealth Games.
The Gold Coast median house price increased 7.3 per cent to $620,000 in the 12 months to June, 2017 according to CoreLogic.
“GC2018 will inject billions of dollars into the economy, with 6,600 athletes and officials and 100,000 visitors attending the event and a global TV audience of more than 1.5 billion expected to watch it,” the report states. Source:
realestate.com.au
