South East Queensland has emerged as one of the nation’s property hotspots and the booming Gold Coast — and its surrounds — have been at the epicentre of this 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 houses in the northern part of the city, said the newspaper.
Darren Walters, director of No1 Property Guide — a company which offers a range of quality house and land packages across the region — said this is not surprising. He said his work had witnessed the boom in and around the Gold Coast region and South East Queensland and stated it was his prediction that not only will this continue, but would spread to neighbouring regions.
He added his company has seen prices rising over the last 18 months, with house and land packages in Coomera now start around $490,000 for a 600m2 lot. Other examples include an owner occupy estates starting from $295,000 in Pacific Cove, next to Big Sky, Coomera.
However, Darren has said 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 City of the Gold Coast.
“Even though the current figures are down for Logan, I personally believe the figures for this areas will increase over the next 12 months,” he stated. “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 such as the Gold Coast and potentially in Logan, now’s 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 land and home packages in Coomera and also in Reedy Creek, Maudsland, Oxenford, Coomera, Pimpama and Ormeau, as well as the Sunshine Coast and Brisbane.”
Interested in hearing more about house and land packages in Logan City, the Gold Coast and other South East Queensland hotspots? Contact Darren at No1 Property Guide here.
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