Infrastructure Fuels Investment
May 10 2023
The corridor that stretches between Coomera and Pimpama has been identified by the Queensland government as a priority growth area, with plans underway to deliver new housing, employment, and infrastructure to the area.
Several major government-led projects have been announced, including Stage 1 of the $2.16 billion Coomera Connector and the $1.3 billion new Coomera Hospital.
A private master plan development known as Foxwell Coomera will ultimately see a 47.7ha site transformed into a health and wellness hub within the Coomera Town Centre precinct.
Billionaire property developer Bob Ell last week announced plans to build 4,000 homes in the heart of Coomera, having handed over almost $200,000,000 for a 161ha plot in April.
The combined impacts of infrastructure spending, new development and population growth are now driving positive demand in the commercial sector too.
Kollosche Commercial sales agent Mark Stafford reports widespread enquiry on an 11,180m2* corner site in a high traffic location at 1 Naves Drive, Coomera, where current development approval allows for mixed-use commercial, retail and medical opportunity.
“Coomera is recognised as one of the fastest growing regions in Australia,” says Mark.
“The increased number of residents will directly impact the need for further capacity in commercial, retail, and allied health.”
Don’t delay in reaching out for more information – expressions of interest close tomorrow, 11 May, at 4pm.
Rates Impact Long-term Owners
Last Tuesday the RBA surprised most of the country with another rate rise of 25 basis points, bringing the official cash rate to 3.75 percentage points.
Coming on top of 10 consecutive rises since last May, the pace of climbing rates has left many investors unable to increase their incomes to protect their assets.
“Investors are looking for older-style buildings which represent an opportunity to add value,” says Adam. “There is also strong demand for properties with short-term leases which allows a new owner to restructure the tenant mix and lease agreement.”
Low vacancy rates across the Gold Coast further reduce the risk for investors, with increased competition among tenants driving up rental prices while removing the need to offer incentives.
“When you have a choice of tenants you can control the long-term vision for your centre or asset,” says Adam. “You can choose to deal with businesses who will invest in your property for you.”
Reach out to Kollosche Commercial for detailed strategic advice and commercial opportunities across the Gold Coast, we’re happy to help.