Coomera - 23% Growth Rate over the last 12 months

                                                                                       Source: Home Price Guide

          

Highway suburb our Number One growth spot
Reporter - MARK ALEXANDER
Sunday Mail - 25 January 2004

A FORMER whistlestop on the highway south to the Gold Coast has been ranked Number 1 for house capital growth in Queensland. Coomera, better known as home to Dreamworld and the colourful late National Party minister Russ Hinze, leads the way when it comes to rising house prices.

Online property sales information service PropertyValue.com.au has ranked Coomera, the Number 1 suburb in its Investor Report for Queensland. The report, based on past and predicted capital growth, lists Queensland's Top 50 suburbs each for houses and units.

Coomera leads the way for houses, with capital growth of 208 per cent in five years, compared with the state average of 57 per cent. Ningi, near Bribie Island; Shelly Beach at Caloundra; Mango Hill in Brisbane's north; and Coolangatta round out the Top 5.

In 12 months, Coomera experienced capital growth of more than 50 per cent and property prices are expected to power along, with PropertyValue predicting growth of more than 25 per cent this year.

PRD Nationwide sales consultant Sharon Maunder said Coomera's big selling point was its location – at the heart of the growth corridor between Brisbane and the Gold Coast. "It's just so close to both CBDs," she said. The mix of affordable and upmarket housing was also a lure, with investors making way for owner-occupiers. "There's some rural areas, too, but a lot of that's going as they get snaffled up by developers," she said.

Several major projects remain in the pipeline for Coomera, including a satellite city that will become home to 70,000 people.


Gold Coast - The fastest growing city in Australia for over 25 years
The Gold Coast is Australia's 6th Largest City with a population of over 460,000 and the city's population is expected to exceed 700,000 people by 2021. There are an additional 78,000 visitors to the city on any given day.

The Gold Coast is growing by more than 14,000 new residents annually - making it the fastest growing city in Australia - a position that has been held for the past 25 years.

The Gold Coast City's economic growth rate is 2.7 times the national average.
 

60 Hectare "Supertown" Plan for Coomera Area
Source: Courier Mail

A town the size of Southport and with more shops than Pacific Fair has been given the green light at Coomera.

The rezoning of land around Dreamworld owned by the park's operator Macquarie Leisure Trust has been approved under the new town plan which was given the go-ahead by the Queensland Government.

The package of land also included that owned by Hoko Jitsugoyo, making it a 60 hectare mixed use area, including a residential component.... click here to see details of the New Coomera Town Plan.

Firms who have chosen Coomera include:
> Dreamworld
> Gold Coast Marina
> Quintrex
> Riviera Group
     
Marine Industry and Leisure
Coomera has been planned as a major 21st century urban community with a population forecast to rise to 65,000 by around 2025. Coomera has the potential to meet the needs of larger-scale employers in newly
emerging knowledge industries. Gold Coast is Australia’s leading centre for recreational boat building. Located on the Coomera River 1.5 kilometres east of Dreamworld, the Gold Coast Marine Precinct has been
developed as a world-class waterfront industry development on 250 hectares of land.

     
                One of Australia's largest marina                       Facilities to dry-dock boats up to 50 metres

Present investment exceeds $100 million, with employees numbering 1,000 and growing. Coomera has a navigable link to the Broadwater and Pacific Ocean via the Coomera River on which the Marine Precinct is located. Plans for Coomera are focused on achieving the principles of transit-oriented development. For example, the Town Centre (approximately 60 hectares adjacent to Dreamworld) will be centred on the Coomera railway station.

In the short to medium term, Coomera will offer a wide range of business opportunities, a variety of
housing styles, public transport, local employment and centres that provide a wide selection of retail,
community and recreational opportunities.

GOLD COAST PROFILE

> The 6th largest city in Australia.
> The fastest growing population of any region in Australia.
> It is growing at around 3.4% per annum (Census 2001).
> The Gold Coast population will reach 500,000 in 2005 if growth trends continue.
> Large retail centre with more than 34 shopping centres.
> Over 40,000 small businesses.
> Large tourist population spends around 8.5 million dollars a day.
> A city as separate and distinct from Brisbane as Canberra is from Sydney.
> A growing centre for high tech and IT based industries.
> A centre of residential construction and development, (28,665 building approvals in the five years until December 2001).
> One of the largest boat building centres in the nation (65% of all Australian recreational boat exports).
> Growing light industry sector (7 industrial estates).
> 40 golf courses

LOCALS & TOURISTS ARE BIG SPENDERS
> The Gold Coast has 40 shopping centres with major chain representation and these contain 600,430 square metres of retail floor space. That's a 127% increase in 10 years. This does not include other shopping centres and shopping strips in the City.
> The retail sector is the biggest single industry on the Gold Coast and employs around 25,000 people

REAL ESTATE, FINANCE AND DEVELOPMENT
The Gold Coast is a major centre of residential construction, development, and investment. In the five years to December 2001, 28,665 building approvals were granted, 15,578 houses and 13,087
units. The Gold Coast has the lowest building costs in Australia (Cordell Building Information Services).

INDUSTRY
The Gold Coast has more than 1400 environmentally 'clean' manufacturers, making everything from electronics to agricultural
machinery. Many of these manufacturers can be found in one of the Gold Coast’s seven major industrial estates.

FOOD
Of more than 341 Gold Coast food and beverage manufacturers, twenty turn-over more than $5 million per year.

BIOTECHNOLOGY
> $13million Centre for Biomolecular Science and Drug Discovery at the Gold Coast campus of Griffith University
> Rotary Centre for Cardiovascular Research
> Genomics Research Centre
> Centre for Molecular Neurobiology
> Genesearch
> Two schools of Health Science

COMMUNICATION AND INFORMATION & TECHNOLOGY
> The communication and information industry is one of the rapidly growing industry categories in the City.
> This industry group contains 300 companies with over 1400 employees on the Gold Coast. 3,700 new jobs were created in 1999 by international IT companies moving to South East Queensland, and half of them were on the Gold Coast.

FILM AND INTERACTIVE MEDIA
Warner Roadshow Studios have been involved in productions with budgets in excess of $750million. The volume of production has
attracted a permanent work-force and support business to the point where there are currently more than 300 film and interactive media
companies established in the Gold Coast City.

EDUCATION
> Over 100 pre-school and childcare centres
> 61 State Primary Schools
> 13 Private Primary
> 21 State High Schools
> 6 Private High Schools
> 18 Combined Private School
> Three public and one private university
> Three TAFE campuses, over 40 vocational education institutions.

MARINE
> The most intensive concentration of recreational boatbuilders
in Australia (Austrade 1996).
> The highest per capita boat ownership rate in Australia.
> Exports of recreational boats from the Gold Coast account for 65% of the national total.
> The 250 hectare marine precinct at Coomera is expected to produce 5000 jobs on site, many requiring high skill levels.
> A marine related TAFE college is being mooted for the
site.
> A new City Marina boasts a 150 tonne ship-lift crane to service super- yachts, 230 berths for boats up to 50 metres, dry storage for 250 boats, hardstand sites, houseboat berthing and 56 purpose designed marine factories.

TOURISM AND LIFESTYLE
Some of Australia's most famous theme parks, 57 kilometres of surf beaches, rainforest clad mountains, national parks, superb weather, and accommodation ranging from five star to budget have maintained the Gold Coast's place as Australia's top holiday destination. Tourists are in buying mode.

> Visitors to the Gold Coast spend $3.8billion per year, that's almost $10.4million per day.
> 4,306,000 visitors per year staying 21,190,000 visitor nights
> 80% of visitors are domestic, 20% are from overseas.
> 31% of the state's visitor bed spaces.
> 40 Golf Courses
Gold Coast Airport is Australia’s newest international airport for tourists, with direct flights to and from New Zealand and New Caledonia. Also planned from October 2002 are direct flights carrying Asian tourists from Cairns without using Brisbane in its traditional role as the Gold Coast’s “transit lounge”.

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