South East Queensland has emerged as one of the nation’s property hotspots recently. And the booming Gold Coast region has been at the epicentre of this new homes explosion. According to the Gold Coast Bulletin, there were 8299 dwellings approved for the area in 2014-15, up an incredible 65.5 percent on Australian Bureau of Statistics (ABS) figures for the previous year.
Around half of these approved dwellings were units and the rest were houses in the northern part of the city, said the newspaper.
Darren Walters, director of No1 Property Guide believes this isn’t surprising. He said he had witnessed the boom in and around the Gold Coast region and South East Queensland. And predicted that not only will this continue, but would spread to neighbouring regions.
“Over the last 18 months, I have noticed prices rising across the region. In fact, house and land packages in Coomera now start around $490,000 for a 600m2 lot. And some owner occupy estates starting from $295,000 in Pacific Cove, next to Big Sky, Coomera.”
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However, Darren believes the city of Logan may well be the next boom property area. In his opinion, the next year will see property prices rise dramatically in the region which is ideally situated between Brisbane and the Gold Coast.
“Even though the current figures are down for Logan. I personally believe the figures for these areas will increase over the next 12 months. These prices will allow first home buyers to enter the market around Logan with packages around $420,000-$460,000.”
With property prices booming in areas like the Gold Coast and potentially Logan. Now is the time to beat the price rise, says Darren.
“We have access to over 1000 lots towards the end of the year in Logan. As well as house and land packages in Coomera, Reedy Creek, Maudsland, Oxenford, Pimpama and Ormeau. And even the Sunshine Coast and Brisbane.”
Interested in hearing more about No1 Property Guide’s no or low deposit house and land packages and new homes in Logan City, the Gold Coast and other South East Queensland property hotspots? Fill in our pre-qualification and one of our Experienced New Home Specialists will be in touch to discuss your factual new home options.
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