QLD Gold Coast 2021

Discussion in 'Where to Buy' started by GirlPower, 3rd Feb, 2021.

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  1. Nate7gc

    Nate7gc Member

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  2. GirlPower

    GirlPower Well-Known Member

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    Should be safe from the riff raff ;)
     
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  3. Hamish84

    Hamish84 Well-Known Member

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    What’s everyone think about Coomera/Pimpama/Ormeau?

    Is this the GC market or the Brisbane market or a mix of the two?

    Fantastic rental yields but how’s the CG prospect?

    Or does it need it’s own thread? :cool:
     
  4. GirlPower

    GirlPower Well-Known Member

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    Pick any other suburbs on GC. Still plenty of land to be developed out there . Still good yields to be found in other suburbs if you search hard enough.
     
  5. Hamish84

    Hamish84 Well-Known Member

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    I thought the same but apparently not.

    Apart from the massive development at Worongary, there’s not much more land left on the GC. And what’s left will be at the whim of property being sold to developers. Fairly sure that what’s left in Coomera will be the M2 to the east and higher density housing near Coomera Town Centre.

    https://www.udiaqld.com.au/report-confirms-land-supply-concerns/

    https://www.udiaqld.com.au/wp-conte...oast-Expansion-Area-Dwelling-Supply-Study.pdf
     
  6. GirlPower

    GirlPower Well-Known Member

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    I went for a drive recently to Jacobs well and got lost and ended up near Coomera Westfield. There are still a lot of cane field farms in the area that look prime for houses to me. I also noticed signs for new estates. I am no expert. People have made money from new estates ask @sash I think there are better places to invest on coast though if you want capital growth and decent yields.

    I will admit I was shocked by how much has been built in this area. It really is a huge growth area and the houses now look considerably cheaper in Pimpama compared to the central GC. Though there really is no land in central GC for houses only space for high rises :)

    I had a quick look at how many rentals . There are a lot available in Coomera and Pimpama. Much tighter rental market in all other parts of GC you would be better looking at Merrimac , Carrara,Worongary or Nerang / highland park house if you chasing yield.
     
    Last edited: 18th Sep, 2021
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  7. Peterrr

    Peterrr Member

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    If I may piggyback on this thread:

    Say you buy a two year old house. Does the 6.5 year warranty transfer to the new owner of the property?
     
  8. boganfromlogan

    boganfromlogan Well-Known Member

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    i think it does, but have no professional qualification to substantiate my claim.

    so it is only opinion.

    :)
     
  9. Hamish84

    Hamish84 Well-Known Member

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    I think the cane fields can’t be built on. There was talk of a new “city” up near Norwell, but it can’t get off the ground. Chinese investors bought up big but have abandoned it.

    And all of the new estates have finished up now, except for Coomera Foreshore, which is sold out and they can’t release new blocks soon enough. When they do, prices have well and truly shot up.

    And that’s why I think it looks okay for the 500-600 mark.

    Appreciate your input though Girlpower.

    Again, I can’t quite pinpoint if these areas are impacted by the GC or the Brisbane market o_O
     
  10. GirlPower

    GirlPower Well-Known Member

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    Sounds like you know more about the areas than me! Good Luck. These areas are called the Gold Coast but really most on Gold Coast don’t consider them Gold Coast . They more Logan ;)
     
    Last edited: 18th Sep, 2021
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  11. Hamish84

    Hamish84 Well-Known Member

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    Hahaha! And the way Logan is going, that can only be a plus!
     
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  12. boganfromlogan

    boganfromlogan Well-Known Member

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    Bless u for that kind and observant comment!!
     
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  13. GirlPower

    GirlPower Well-Known Member

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    Here is an article discussing exactly what you have mentioned . The Gold Coast needs 6,500 new homes a year, but where can they be built?
     
  14. Happy

    Happy Active Member

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    I'm kinda interested in knowing this too,
    @RPI
    could you please shed a light on this, whenever you had a chance?
     
  15. RPI

    RPI SDA Provider, Town Planner, Former Property Lawyer

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    Statutory Insurance in QLD by the QLD govt agency the QBCC. Yes houses transferred still covered
     
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  16. Lindsay_W

    Lindsay_W Well-Known Member

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    Thread's gone off topic a bit - how did we get on to building insurance?


    Gold Coast - they are still technically in the Gold Coast and lots of Gold Coasters live there.
    Can get some decent rental yields there, there are pockets that probably won't see too much CG in the near future as they are very dense, other areas have grown significantly, look at Coomera Waters, a client of mine bought a place there just shy of $1M this year.
     
  17. GirlPower

    GirlPower Well-Known Member

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    Gold Coast property: Northern corridor experiencing huge demand - realestate.com.au
    Gold Coast property: Northern corridor experiencing huge demand - realestate.com.au
     
  18. Momentum

    Momentum Well-Known Member

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  19. skater

    skater Well-Known Member

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    Sydney? Gold Coast?
  20. Hamish84

    Hamish84 Well-Known Member

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    Wow, that’s definitely consistent with my experience looking in this area.

    I still maintain, lack of new land releases (it looks like higher density is the future here, townhouses and 200sqm allotments, and maybe sporadic small-scale, boutique land releases) + new infrastructure (new Pimpama train station, Coomera Connector) = very solid basis for future growth
     
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