Pictured: Choice Homes Leda Living Display Homes at Pimpama completed on time and five months ahead of the remainder of the villages builders.
The Gold Coast’s northern growth areas continue to defy a downturn in the building industry reports the Gold Coast Bulletin.
In fact, so buoyant is the market that approvals in the north of the city made up more than 70 per cent of all new home approvals on the Coast in March.
Of the 2724 new home approvals on the Coast in March there were 2015 in the Coast's northern suburbs, carrying an end value of $515 million.
Queensland Master Builders Association deputy executive director Paul Bidwell said feedback from local members showed building sentiment on the Coast was well into satisfactory and had been for some time.
“It really took off at the end of December 2013 and, while it did drop a little in March, remains at high levels for both residential and commercial builders,” he said.
“That the northern corridor is hot is no real surprise.”
However, Urban Development Industry Association Gold Coast Logan president Finn Jones warned, despite the boom, residents in the north may have to wait for infrastructure to catch up.
“Government always follows development so infrastructure really needs population density before it gets going,” he said.
“It’s very hard to attract people to suburbia if there’s no services there,” he said.
“The town centre will provide a fair bit of the employment base out there.”
“The advantage of being in the northern catchment is the proximity to Brisbane and still being close to Coolangatta airport.”
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