The Northern Gold Coast forms part of the City of Gold Coast and is known as the ‘northern growth corridor’, which centres around the suburb of Coomera.
The Gold Coast is rapidly emerging as a thriving metropolitan city with a dynamic business and cultural scene.
By 2045, the Gold Coast is forecast to reach one million people, with the biggest growth in Coomera, Pimpama, Surfers Paradise, Southport North and the Upper Coomera-Willowvale areas.
Given its central geographic location and high proportion of families, children and young people, the Northern Gold Coast is ideally placed for continued growth.
CoreLogic’s quarterly Regional Market Update, released on 17 May 2022, shows Australia’s 25 largest non-capital city regions including the Gold Coast, has slowed from a peak of 6.6% in April 2021 to 4.7% in the three months to April 2022.
Red hot Regional Australia property markets are showing signs of slowing, despite outpacing capital cities due to chronically low listings and sustained buyer demand.
Dwelling values across the combined regions jumped 23.9% in the year to April 2022, outpacing the combined capital city dwelling growth rate of 14.6% for the same period. The Gold Coast delivered the second highest annual regional house value growth in the 12 months to January 2022 at 36.3%.
The Federal Government’s popular First Home Loan Deposit Scheme opened to 10,000 eligible first homebuyers and closed on 30 June 2022.
There has been increased activity from first homebuyers in the first half of this year, according to the National Housing Finance and Investment Corporation – and it’s set to continue.
And it’s the Northern Gold Coast where buyers are looking, with the area emerging as a rapidly developing residential hotspot.
The area has seen major growth in the last few years with Pimpama being the third-fastest growing suburb in Queensland.
The development industry turned the areas of Coomera, Upper Coomera, Pimpama and Ormeau into thriving communities.
The government is investing in new fire rescue, police services and schools over the coming years.
The northern Gold Coast is ideally located, with close proximity to the M1 and Brisbane; while also home to a variety of schools, making it a highly desirable choice for young families.
