Is Upper Coomera a good place to invest?
UPPER COOMERA, 4209 ranks 961st on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 31.69% for property investors. Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
Upper Coomera is fast taking its place as one of the most desirable suburbs on the Northern Gold Coast.
Your average home in Coomera Waters, isn't so average. Whereas the average price of homes across other areas of Coomera are much cheaper, allowing for a great opportunity for investment if you expect to see those area's increase in their value in the coming years.
"A great affordable location close to everything"
Like any suburb there are nicer estates and some not so desirable, drive around and it will be evident which are the nice, safe, family friendly areas (Coomera Waters is one of the more upmarket well presented estates).
Pimpama is Queensland's largest and fastest growing suburb. During the 2016-17 financial year, the Gold Coast suburb's population grew by 30.8 per cent (3000 people) and had $352 million worth of residential properties approved during the 2016-17 financial year.
Unit prices falling but steady
The median price of a Gold Coast house was $1.1 million, almost double the state median. CoreLogic research analyst Kaytlin Ezzy said unit prices were dominating but the rate of growth had dropped since November.
In the 2016 Census, there were 25,276 people in Upper Coomera. Of these 49.2% were male and 50.8% were female. Aboriginal and/or Torres Strait Islander people made up 2.4% of the population.
If you are looking for an investment property, consider houses in Helensvale rent out for $800 PW with an annual rental yield of 4.4% and units rent for $500 PW with a rental yield of 5.4%. Based on five years of sales, Helensvale has seen a compound growth rate of 29.1% for houses and 23.0% for units.
Upper Coomera is a suburb in the City of Gold Coast, Queensland, Australia. In the 2016 census, Upper Coomera had a population of 25,276 people.
The Gold Coast experienced strong demand in 2021, outperforming Adelaide, Darwin, and Perth. Like most markets across the country, the Gold Coast housing market has experienced strong demand over 2021, despite restrictions and the absence of local or international tourists.
Is Gold Coast property market slowing down?
Fewer properties selling at auction
"It really highlights that the market is slowing down a little bit. If you go back four weeks ago, we were generally seeing auction clearance rates around the 60 per cent range. "Earlier than that, around 70 per cent [sold at auction] around the final quarter of last year."
The Gold Coast has impressive rental yields. According to data from SQM Research, houses have a rental yield of between 4.5% and 4.7%. Units and apartments show a yield of about 5.8%. The rental yields are particularly impressive when you compare them to interest rates and the Consumer Price Index (CPI).
The Gold Coast's Miami as well as Coolum Beach and Peregian Beach on the Sunshine Coast were among the country's top 10 suburbs to retire, according to RiskWise. The property researcher's analysis examined lifestyle, relative housing affordability and building equity to identify the suburbs.
- Currumbin. Like the rest of the Gold Coast, houses exploded in 2021 in Currumbin. ...
- Coolangatta. Located just north of the NSW/QLD border, Coolangatta boasts some of the best surf beaches in the country. ...
- Ashmore. ...
- Labrador. ...
- Robina. ...
- Tamborine Mountain. ...
- Pimpama. ...
- Coomera.
- Southport – inner-city living. If you're looking to study on the Gold Coast, it makes sense to move to Southport. ...
- Robina – peaceful suburban living. ...
- Burleigh Heads – culture and lifestyle. ...
- Labrador – affordable living (plus water parks!) ...
- Broadbeach Waters – life on the beach.
It forecast that house prices will fall by 5 per cent this year and a further 10 to 15 per cent over 2023. It would be the biggest plunge in housing values in 40 years. “Falls in Sydney and Melbourne are likely to be larger and faster,” Jarden chief economist Carlos Cacho said.
"It's just overwhelming." The Gold Coast has recorded the lowest rental availability in the country with just 0.4 per cent of properties available. The coastal city's population is expected to grow by a further 145,000 over the next 10 years, putting more pressure on the strained rental market.
NAB chief economist Alan Oster said NAB's current forecast was for house prices to drop 4% this year, and 14% next year. ANZ has predicted house prices to fall about 20% by the end of 2023 as has Carlos Cacho, chief economist at investment bank Jarden.
COOMERA HISTORY. According to an early historian W.E. Hanlon, the name Coomera originated from Kumera Kumera - the aboriginal word for a native species of wattle. In a neighbouring dialect the word referred to blood.
What is the population density of Coomera?
The 2021 Estimated Resident Population for Coomera is 20,842, with a population density of 843.9 persons per square km.
Nerang boasts excellent investment fundamentals, with low supply, good owner-occupier demand, excellent rental yields and low vacancy rates. It has great access to infrastructure and is beginning to gentrify, as new families move into the area attracted by convenience, amenity and price.
THERE is a stink going on in the northern suburbs – and residents want to cut the crap. The Department of Environment and Science (DES) is investigating a stench in the Monterey Keys, Helensvale and Coombabah areas, which homeowners believe is caused by sewage spillage in estuaries.
2 Answers. there is no area of Helensvale that floods. the properties on the banks of the coomera river see the water rise during very heavy rain but I am not aware of any houses flooding in Helensvale.
Pimpama is a suburb that is ideally located for access to north and south and seems like a nice growing community. It has a mix of older acreage properties and newer homes in new estates. Everyone we've sold houses to in Pimpama have been very happy with their surrounds and the local community etc.
Dreamworld is located along the Pacific Motorway on the Northern end of the Gold Coast within the suburb of Coomera approximately a 25 minute drive from Surfers Paradise.
...
Key points:
| Region (SA4) | Gold Coast |
|---|---|
| 1 month | 2.6% |
| 3 months | 7.2% |
| 12 months | 32.1% |
| 5yrs annual | 9.4% |
Sales on the Gold Coast also declined over the past year by 28.5% for houses and 34.8% for units. However from the September quarter 2021 to the March quarter 2022, the Gold Coast Metro's median house price grew by 21.8% and 9.1% for units. Over this period property sales grew 55.1% for houses and 104.4% for units.
House prices on the Gold Coast have increased by a staggering 33.1 per cent, or $280,000, in the past year with the median price now surging past the elusive $1 million mark.
Will housing prices fall in 2022 Australia?
economists predict housing in the nation's largest city will drop by one-fifth this year and next. Bloomberg Intelligence, off a tighter time frame, sees Sydney falling 12-15% in 2022, based on the cash rate climbing to 1.75% by December from the current 0.85%.
“In summary, our general current cost escalation forecast for the 2022/2023 financial year is 8-10% for residential type construction (relating to timber framed buildings) and 6-8% for commercial construction.
Professor Swan: Generally speaking, it is not a suitable time to rush into buying a house right now. Millions of mortgage holders are going to be financially constrained in very tight conditions in the next year or two, so, hold off.
Historically, the price of real estate on the Gold Coast has steadily increased over the years and property continues to rise ahead of both inflation and earnings. If that doesn't inspire you to invest, it's unlikely that anything will. But while potential buyers wait, prices will almost certainly rise.
Units in Surfers Paradise emerged as the property type most sought after by investors nationwide last month. The Glitter Strip suburb famous for its high-rise lifestyle offered investors rental yield of 6.17 per cent. The median unit price for units there was $480,000.
As of May 2021, hotel occupancy rates in Gold Coast, Australia were at around 102 percent of the levels seen in May 2019. Due to the Gold Coast's position as a popular domestic tourist destination, the area has recovered from impacts of the COVID-19 better than other markets which rely more on international travel.
If you are looking for an investment property, consider houses in Helensvale rent out for $800 PW with an annual rental yield of 4.4% and units rent for $500 PW with a rental yield of 5.4%. Based on five years of sales, Helensvale has seen a compound growth rate of 29.1% for houses and 23.0% for units.
Pimpama is a suburb that is ideally located for access to north and south and seems like a nice growing community. It has a mix of older acreage properties and newer homes in new estates. Everyone we've sold houses to in Pimpama have been very happy with their surrounds and the local community etc.
A family-friendly community, Ormeau is a comprehensive suburb that offers both older and new homes. It is considered as one of the most affordable suburbs for families, known to be safe with plenty of community events.
Helensvale is perfectly located on the northern end of the Gold Coast and is 2mins to the M1 and 2 mins to train station. It has a fantastic blend of older folks as well as young families creating a great mix of people calling Helensvale home. It is an extremely safe suburb that has all the amenities one could ask for.
Is Nerang a good place to invest?
Nerang boasts excellent investment fundamentals, with low supply, good owner-occupier demand, excellent rental yields and low vacancy rates. It has great access to infrastructure and is beginning to gentrify, as new families move into the area attracted by convenience, amenity and price.
THERE is a stink going on in the northern suburbs – and residents want to cut the crap. The Department of Environment and Science (DES) is investigating a stench in the Monterey Keys, Helensvale and Coombabah areas, which homeowners believe is caused by sewage spillage in estuaries.
2 Answers. there is no area of Helensvale that floods. the properties on the banks of the coomera river see the water rise during very heavy rain but I am not aware of any houses flooding in Helensvale.
Pimpama was recently named by the Housing Industry Association as the nation's top property hotspot based on its performance last year. The area grew by more than the 1.4 percent the national average during 2015/16 and had at least $150 million worth of residential building approved, the HIA reports.
Pimpama is benefiting from the likes of infrastructure spending, EXCELLENT sporting facilities and shopping close by and everything we need.
Pimpama: Queensland's Secret Suburb With Over 20% Population Growth. In recent years, Queensland's prime weather, relaxed lifestyle and affordable housing has made Queensland the #1 destination for interstate immigrants across Australia.
- Surfers Paradise. Not surprising, Surfers Paradise with its high number of holiday accommodation, bars, cafes & restaurants, is ranked number one with a reported crimes' rate of 220.8 per '000.
- Mermaid Beach & Broadbeach. ...
- Broadbeach Waters. ...
- Southport. ...
- Coolangatta.
They included the Queensland towns Moranbah, Blackwater, Moura and Emerald, with central Rockhampton – a popular market for FIFO workers – also flagged as “risky” due to an oversupply of units. Moranbah is on the list of no-go zones for property investors in 2021.
The Gold Coast's Miami as well as Coolum Beach and Peregian Beach on the Sunshine Coast were among the country's top 10 suburbs to retire, according to RiskWise. The property researcher's analysis examined lifestyle, relative housing affordability and building equity to identify the suburbs.
- Dunwich.
- Dutton Park.
- Moorooka.
- Acacia RIdge.
- Inala.
What is the best suburb to live in on the Gold Coast?
1. Bundall. Bundall is a central suburb in Gold Coast, Queensland, which is ideal for those who want to relocate with their families, especially kids. This lively suburb is home to various popular schools, hospitals, hotels, restaurants, business markets, shopping complexes and sporting clubs.
The Gold Coast has impressive rental yields. According to data from SQM Research, houses have a rental yield of between 4.5% and 4.7%. Units and apartments show a yield of about 5.8%. The rental yields are particularly impressive when you compare them to interest rates and the Consumer Price Index (CPI).
