Why The Property Developers Are Going To Pimpama – Coomera Gold Coast

“Pimpama – Coomera’s population is projected to increase by 700% inside the next 20 years” *

— Gold Coast Growth Corridor —

 

Pimpama – Coomera located at the northern end of the Gold Coast is experiencing prolific growth. As the Gold Coast expansion pushes north along the Brisbane – Gold Coast corridor, this area is experiencing population growth rates that are among the highest in Australia and this trend is projected into 2031.

The 2011 HIA-JELD-WEN National Top 20 Building and Population Hotspots placed Pimpama – Coomera third with an annual population growth rate of 14.4%. Being centrally located 30 minutes either way between Brisbane and Surfers Paradise, commuters have the flexibility of choice without the penalty of protracted travel.

The area attracts a relatively young population with an average age of 30 years compared to South East Queensland’s 36 years. This trend is likely to continue as there is strong demand for young skilled employment in construction trades being fuelled by the housing demand and the development of the first phase of building at the Coomera Town Centre.

 

Added to this, shopping centre giant Westfield are finalising plans for the development of a major shopping precinct estimated at $1bn. With construction scheduled to commence in 2017, this project is set to promote thousands of jobs both during and after construction, and with the councils added focus on improving major infrastructure in the surrounds, this news supports our projected forecast for the long term growth of the Coomera area.

 

 ‘COOMERA…20,000 JOBS OVER THE NEXT 5 YEARS.’

 

Continued…..Why Property Developers Are Going To Pimpama – Coomera Gold Coast 1-3

 

* Queensland Government population projections, 2011 edition (medium series), Office of Economic and Statistical Research, Queensland Treasury and Trade. Updated 15 May 2012

The information contained in this blog was drawn from:

  • Queensland 2031 Report published by Augusta Publishing Pty Ltd
  • ABS – Census of Population and Housing, 2011
  • ABS – 3218.0 Regional Population Growth, Australia, 2010-11
  • Queensland Government – Major Infrastructure Projects
  • HIA-JELD-WEN Population and Residential Building Hotspots
  • NIEIR – National Institute of Economic and Industry Research
  • City of the Gold Coast – An overview of major projects on the Gold Coast
  • KPMG – The Gold Coast’s seductive lifestyle underpins rise of extreme communicating
  • BIS Shrapnel – The outlook for residential land on the Gold Coast and Sunshine Coast 2013 to 2018