Gold Coast North PROPERTY MARKET REPORT
MRD was developed to educate, empower and assist property investors throughout their investment journey.
To do so, we’re committed to offering the latest Gold Coast North property market research so you can learn, grow and build sustainable wealth primarily through property.
Our reports are backed by almost 15 years of property research experience.
The information in these Gold Coast reports are sourced from a range of published and respected data sources to create a holistic overview of the region’s property market.
In other words, we've done the legwork so you don’t have to.
Our Gold Coast North Market Report addresses all aspects that are pertinent if you are considering acquiring residential property in the region to expand your investment portfolio. It puts all elements of the Gold Coast North in context for you, with a focus on:
- The Property Cycle
- Vacancy Rate
- Median Rents
- Rental Prices
- Rental Yield
- Median House Price
- Supply Indicators
- New Stock Coming to Market
- Industry sector of employment
- Employment Status
- The Future: The property and commodity market
Known as the northern growth corridor, Gold Coast North is located between the Logan River in the north and Helensvale/Pacific Pines in the south.
Significant residential development has taken place since 2000 in this region with a sufficient land supply.
Median prices vary considerably in different suburbs within the northern corridor. For example, the median house price in Coomera is $492,000 and Upper Coomera is $412,000 – almost $100,000 lower than the Gold Coast median of $510,000. The median Unit price in Coomera is $345,000, which is lower than the Gold Coast median price of $310,000.
In the 12 months to 2013, Gold Coast had the second largest growth in Queensland.
Among all suburbs, Willow Vale (Upper Coomera) and Coomera were the suburbs with the largest growth on the Gold Coast, increasing by 2,100 and 770 people respectively to maintain current populations of 28,416 and 10,684 residents. Together with Pimpama (growing by 4,323 residents), these were top three fastest growing suburbs in Queensland for June 2013.
In Coomera particularly, the top three major employment industries are Construction, Manufacturing and Retail, which each account for an estimated 12.5% -13.5%. While Coomera’s unemployment rate is lower than the city, state and national averages.
The Coomera Town Centre is the largest project at present, and is moving closer to commencement due to $74 million plans being unveiled to upgrade the exit.
This project is expected to create 1,200 jobs during construction and 1,600 permanent jobs once the centre opens.
This report will mainly focus on the Gold Coast North area in general with some detailed information regarding Coomera in particular.
BUY AND DOWNLOAD YOUR DIGITAL COPY OF THE GLADSTONE PROPERTY REPORT: