Repost; DENIS DOHERTY, Gold Coast Sun
BUYERS in the Gold Coast’s booming northern suburbs are targeting developments close to train stations as a combination of transport and local infrastructure starts to come online.
It comes with the opening of the second stage of the Coast’s light rail network which will connect the northern suburbs to the Coast’s tourism centres of Surfers Paradise and Broadbeach via the heavy rail connection with the light rail at Helensvale and the start of construction work on the long-mooted Coomera Town Centre.
According to the Australian Bureau of Statistics Pimpama, Coomera and Upper Coomera are among the fastest and largest growing communities in Queensland over the past decade.
According to the statistics, Upper Coomera has added 17,432 people, a growth of 118 per cent while Coomera has added 9673 residents, a growth rate of 234 per cent over the decade.
However, those growth rates are dwarfed by Pimpama which has grown by a massive 456 per cent in 10 years, adding 7892 people.
Urban designer and former UDIA Gold Coast and Logan president Finn Jones said demand for property close to northern train stations came as no surprise.
“There’s a reason the Coomera Town Centre was planned for where it is,” he said.
“The state government put it there years ago for that reason.”
He said residents would also benefit from the heavy rail’s connection to Robina and eventual connection to the Gold Coast Airport.
“It starts to create a network of public transport options and services as well.
“With the Coomera Town Centre they will form a semi-cosmopolitan lifestyle in the area.”
Oliver Johnson of Pointcorp said the group’s $200 million Bloom development, which sits within walking distance of both the Coomera Town Centre and train station, was seeing the benefit of demand for house-and-land packages in the area.
“Our first stage has sold out and the second and third stages are on the market and we have limited homes remaining,” he said.
Mr Johnson said one of the big changes in buyer demographic they were seeing over previous developments was the number of permanent residents buying into the development.
“Traditionally Coomera was seen as an investment area but we are now seeing people wanting to put their money down and live here,” he said.
“We are also getting really strong interest from the local market with a lot of people from within a 20k radius and a lot of people that work in Brisbane but want to live on the Coast looking to buy.
“At places like Coomera they get easy access to both.
“I think we are also at a point where people are choosing to live in the north over moving to older beachside areas.”