A TRIBECA AREA FACT FILE - 02 SOUTH EAST QUEENSLAND
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02 A TRIBECA AREA FACT FILE SOUTH EAST QUEENSLAND FOCUS AREA: BRISBANE - GOLD COAST CORRIDOR
DISCLAIMER
This Report has been created by The Capital Group (Aust) Pty Transport and Main Roads, QLD Government – QLD Treasury,
Ltd, ABN 58137410845, and commissioned by Tribeca Capital QLD Government - South East Queensland Regional Plan, QLD
Pty Limited. Government – Department of Infrastructure, Local Government
and Planning.
The Parties* making this report available to you give no warranty
nor accept any liability for any decision based wholly or in part The information in this publication does not represent financial
on this report, such as any decision to invest in, to buy or not buy advise and should not be regarded as such. This study has
property described herein. been prepared for the sole use of Tribeca and is not to be relied
upon by any third party without specific arrival from Tribeca.
The Parties believe the statements, information, calculations, No part of this document may in any form or by any means
data and graphs contained herein to be correct and not (electronic, mechanical, photocopying, recording or otherwise)
misleading but give no warranty in relation thereto and expressly be reproduced, stored or transmitted without prior permission.
disclaim any liability for any loss or damage which may arise from *Parties means Tribeca Capital Pty Ltd, Tribeca Homes Pty Ltd,
any person acting or deciding not to act partly or wholly on the Tribeca Homes (Vic) Pty Ltd, Tribeca Residential Communities
basis of any such statements, information, recommendations, Pty Ltd, Elliots Pun Pty Ltd, Tribeca Residential Communities No.
calculations, data or graphs as at November 2018. The facts 1-14 Pty Ltd and The Capital Group Pty Ltd, their customers and
in this report are obtained from various sources, government clients, and the customers and clients representatives.
organisations and private organisations: Australian Bureau of
Statistics, SQM Research, Residex, RP Data, Logan City Council, Tribeca Capital Pty Ltd and Homes Pty Ltd.
City of Gold Coast, G;link, QLD Government – Department of Building Licence Number: 1137696 ABN: 21151370160
ENQUIRIES SHOULD BE ADDRESSED TO THE PUBLISHERS. © COPYRIGHT 2016. PUBLISHED NOVEMBER 2018.
G ROWT H CE NT RE PL A N NING
SOUTH EAST QUEENSLAND GROWTH CENTRE
Precinct Planning - August 2014:
FACT
COOMERA STATION TO
BRISBANE CBD IN UNDER
ONE HOUR.
Sunshine
Coast
TRAIN LINE
Brisbane CBD Stn
Somerset
Moreton
Bay
Springwood Stn
Ormeau Stn
Brisbane
Lockyer
Valley Redland
Ipswich Ormeau
Pimpama Stn
Pimpama
Logan Coomera
Coomera Stn
N Gold
Scenic Coast
Rim
Robina Town Centre Stn
STATUS
Coolangatta Stn
Suburb of Interest
Gold Coast/Logan Growth Centre
South East Queensland
City Train line
This is a Tribeca Capital Pty Ltd publication.
A RE A PROFILE
AREA This report encompasses the South East Queensland
growth precinct of the northern Gold Coast and Logan
PROFILE: region. Specifically, the demographic and property data
concerns only that of Coomera. Surrounding suburbs
include Pimpama, Ormeau, Chambers Flat, Logan Village,
Springfield and Redbank Plains.
AREA:
SOUTH EAST
QUEENSLAND
BRISBANE
Ipswich
Springfield Chambers Flat
Logan Village
Ormeau
Redbank Plains
LOGAN CITY Pimpama
Coomera
GOLD COAST
Surfers Paradise
SUBURBS:
• COOMERA • PIMPAMA • ORMEAU
• CHAMBERS FLAT • LOGAN VILLAGE
• SPRINGFIELD • REDBANK PLAINS
This is a Tribeca Capital Pty Ltd publication.
INT RODUCTION
SOUTH EAST QUEENSLAND
Coomera and the surrounding area.
The growth region surrounding Coomera is located in the northern
part of Queensland’s Gold Coast and the broader Logan City local
government area, approximately 30-40 minutes’ drive from the
Brisbane CBD and only 15 minutes’ drive to Southport, the major
commercial hub of the Gold Coast.
Currently home to approximately 912,000 people, Some areas within the region are experiencing
the region (Logan LGA & Gold Coast LGA) covers an double-digit growth. Pimpama grew by a rate
area of approximately 2,292 square kilometres. of 31% in 2016/2017 and Coomera by 10% in
2016/2017, compared with Brisbane’s growth
In recent years the region has transitioned from an rate of only 1.7%.
economic base of tourism and construction to a
more diverse, knowledge-based economy valued A number of significant civil projects and
at $25.2 billion. The region still welcomes close to infrastructure projects are currently being
12 million visitors each year who spend close to planned to manage the forecast increase in
$1.2 billion per annum. population.
The region is one of the fastest growing regions in
Queensland. Both the municipality of Logan and FACT
the municipality of the Gold Coast are expected to
grow by 200,000 and 300,000 people respectively. THE REGION IS BECOMING AN INCREASINGLY POPULAR
Over 130,000 new homes will be required to DESTINATION FOR RESIDENTIAL PROPERTY INVESTMENT
accommodate this growth in the Gold Coast AND OVER 130,000 NEW HOMES WILL BE REQUIRED
municipality alone. TO ACCOMMODATE THIS GROWTH IN THE GOLD COAST
MUNICIPALITY ALONE.
This is a Tribeca Capital Pty Ltd publication.
DE MO G R A PHIC OVE RVIE W OF CO OM E R A
Age Breakdown Household Structure
COUPLE WITH CHILDREN
CHILDLESS COUPLE
26.5%
28.9% 52.5%
SINGLE PARENTS
OTHER
17.7% 20%
15.5%
14.6% 1%
12.2%
FACT
79 %
Of the suburb consists of families
6.3% with children and childless couples
3.6% meaning the overwhelming majority
1.1% of dwellings are detached housing –
refer dwelling breakdown.
0-14 15-24 25-34 35-44 45-54 55-64 65-74 75+
YRS YRS YRS YRS YRS YRS YRS YRS
DWELLING & INCOME FACTS
Dwelling Breakdown Income
$1,756
BY TENURE / LANDLORD BY TYPE (AUD$/WEEK) $1,711
(AUD$/WEEK)
2%
8% 3% $746
(AUD$/WEEK)
26% MEDIAN PERSONAL MEDIAN FAMILY MEDIAN HOUSEHOLD
29% 61% (Family income = income of families in family household.
71% Household income = income of occupied private dwellings)
FACT
SEPARATE HOUSE Median weekly incomes are slightly higher
RENTED
than greater Brisbane, reflecting the
WITH MORTGAGE SEMI - DETACHED relatively high level (43%) of employment in
OWN FLAT, UNIT traditionally white-collar industries.
OTHER OR APARTMENT
FACT Employment Type
By tenure/landlord and type – the suburb is
dominated by low density detached housing MANAGERS
(71% of stock). A large majority (61%) of the 13% 10% PROFESSIONALS
housing stock is rented, reflecting a very strong 6% 13% TECHNICIANS /
leasing market for investment property. TRADE WORKERS
14% COMMUNITY /
16% PERSONAL SERVICE
12% 16% CLERICAL / ADMINISTRATIVE
MACHINERY OPERATORS
SALES WORKERS
LABOURERS
This is a Tribeca Capital Pty Ltd publication. SOURCE: ABS - 2016 CENSUS DATA .
LO C A L A M E NITIE S
The South East Queensland growth corridor
SURROUNDING already enjoys excellent access to public
INFRASTRUCTURE transport, major arterial roads and freeways as
well as a wealth of local education, healthcare
Excellent Local Amenities and retail amenity.
RETAIL AMENITY EDUCATIONAL
The area is serviced by AND HEALTHCARE AMENITY
major regional shopping The area is served by over
precincts such as Australia 50 primary schools, over 20
Fair, Pacific Fair, Harbour secondary schools and over 20
Town, Westfield Helensvale combined primary/secondary
and the brand new Westfield schools as well as three
Coomera. A number of - 50 PRIMARY SCHOOLS
University campuses and a
A BRAND NEW $470 MILLION smaller satellite precincts - 20 SECONDARY SCHOOLS number of local TAFE campuses.
WESTFIELD HAS RECENTLY
OPENED IN 2018
including Pimpama
City, Pimpama Junction
+
- 20 COMBINED SCHOOLS Major hospitals include the Gold
- 3 UNIVERSITY CAMPUSES
Coast University Hospital and
and Coomera Square also Logan Hospital.
service the area. - NUMEROUS TAFE CAMPUSES
SEQ RAIL LINE PARKLANDS AND
The South East Queensland RECREATIONAL FACILITIES
rail line connects the precinct Residents not only enjoy access
to employment opportunities to 57 kilometres of pristine
in the Brisbane CBD and coastline, a large number of
Southern Brisbane fringe parklands and sporting facilities
suburbs. Commuters can but also a number of major
transit from Coomera Station national recreational attractions,
COMMUTE FROM COOMERA - 57KM OF PRISTINE COASTLINE
STATION TO ROMA STREET to Roma Street Station, including Dreamworld and
STATION WITHIN AN HOUR in the Brisbane CBD in - 2 WORLD CLASS GOLF COURSES Movieworld and the world class
approximately one hour. - DREAMWORLD & MOVIEWORLD golf courses of Sanctuary Cove
and Hope Island.
- LIVE ENTERTAINMENT
- PERFORMING ARTS Home of the Arts (HOTA) on
GOLD COAST LIGHT RAIL - 6 LEVEL EXHIBITION GALLERY the Gold Coast hosts musical
The Gold Coast light rail (G:link) events, theatre, dance, comedy,
opened in 2014 and the initial opera, cabaret and kids shows.
stage connected 16 light rail In addition to the arts centre, a
stations along a 13 kilometre Gallery positioned to become a
route from Broadbeach to Gold cultural attraction in the region
Coast University Hospital. is currently under construction.
The recently completed stage This international-standard art
19 LIGHT RAIL STATIONS 2, extends another 7.3km to gallery will comprise of 3000m2
Helensvale with 3 new stations of exhibition space over six levels,
constructed. retail space and a dining area,
due to open in 2021.
This is a Tribeca Capital Pty Ltd publication.
LO C A L A RE A M A P
Sunshine
Coast
Somerset Moreton Bay
M1
Brisbane Airport
BRISBANE
ii
M2
Lockyer Valley 4 Redland
Ipswich
B 3 Pimpama
Park
C
Ridge Coomera
G Logan
Village 4
H D 6
2 A 5
Helensvale
1
3
i F Southport
2
Scenic Rim E
Surfers Paradise
R13
GOLD COAST
Gold Coast Airport
1 iii
R13
KEY N
M1
Universities Retail Infrastructure
KEY
Universities Retail Infrastructure
i Griffith University, Gold Coast 1 Robina Town Centre A Gold Coast Light Rail expansion*
ii University of Queensland 2 Westfield, Helensvale B Major road upgrades*
Australia Fair C Logan Hospital Expansion*
iii Southern Cross University 3
D Coomera Town Centre*
4 Pimpama Junction
Hospitals E The Star Casino Upgrade*
5 Harbour Town
F Gold Coast Health and
1 Gold Coast University Hospital 6 Westfield Coomera
Knowledge Precinct*
2 Gold Coast Private Hospital G Major activity centres*
3 Logan Hospital H Sport and recreational facilities*
4 Ipswich Hospital
This is a Tribeca Capital Pty Ltd publication. *Indicates future infrastructure.E M PLOY M E NT OPPORT U NITIE S
The South East Queensland growth corridor
EMPLOYMENT benefits from its immediate proximity to both
the employment nodes of Brisbane to the North
OPPORTUNITIES and the Gold Coast to the South. Specifically, a
South East Queensland number of major infrastructure projects as well
as the Gold Coast Rail Link will provide large
employment opportunities for the area.
LOGAN CITY GOLD COAST LIGHT RAIL EXPANSION
Logan City currently has 21,000 businesses Stage 2 included a $420 million, 7.3 kilometre
providing approximately 89,000 jobs. extension to the Gold Coast Light Rail line
Its population is tipped to grow from 300,000 and generated 1,000 direct and indirect jobs.
to 500,000 over the next 20 years. Stage 3 will take 3 years to construct and
will begin in June 2020. The new expansion
• 21,000 BUSINESSES will increase employment opportunities
• 89,000 JOBS throughout the region due to increased
accesibility and transportation.
• 1,000 JOBS CREATED DURING CONSTRUCTION
GOLD COAST CITY • LIMITLESS EMPLOYMENT OPPORTUNITIES AND ECONOMIC GROWTH
• STAGE ONE IS COMPLETED
• STAGE TWO IS COMPLETED
Over the next 10 years it is expected that • STAGE THREE IS UNDER PLANNING
that an additional 56,000 people will find
employment within the Gold Coast City.
NEW GENERATION ROLLINGSTOCK
+
• 56,000 JOBS FORECAST BY 2036
The Queensland Government’s New Generation
Rollingstock (NGR) project will see a significant
increase to the South East Queensland train
fleet to meet the growing demand for rail
GOLD COAST 2018 COMMONWEALTH GAMES services. In South East Queensland, the NGR
project will support:
The 2018 Commonwealth Games created Approximatel 500 full-time jobs including:
30,000 full-time equivalent jobs. The Gold • 131 positions for the management, design
Coast Health and Knowledge Precinct has and commissioning of the NGR trains
continued in legacy, converting the former • 215 positions for construction of the
Athletics Village into mixed use residential, Wulkuraka Maintenance Centre
retail and commercial areas. Supporting • 150 ongoing full-time jobs at Wulkuraka
26,000 jobs once complete and $2.9 billion for Maintenance Centre
the economy over the next decade. • Up to 1,500 indirect jobs.
• 30,000 JOBS CREATED FROM COMMONWEATH GAMES
• 2,000 JOBS CREATED
• A FURTHER 26,000 JOBS CREATED FROM LEGACY PROJECT
This is a Tribeca Capital Pty Ltd publication.PROPERTY STATISTICS FOR COOMERA
Median House Prices Capital Growth – Median Land Prices (%)
COOMERA
$600,000
$ 557K GOLD COAST LGA
$550,000
$ 530K 10 9.56%
$510K
$500,000
$ 480K
6.22%
5.93%
$450,000
5
$400,000
$400,000
-0.86%
$350,000 0
2015 2016 2017 2018 2015 2016 2017 2018
i. Median House Prices ii. Capital Growth
Median House Prices – over the past four years Over the past 4 years the median land price had
have seen strong levels of growth, averaging averaged 5.2% per annum compared with 5.7%
a 5.8% increase per annum since 2013. within the broader Gold Coast LGA. However,
Coomera has recently experienced significant level
of growth with 9.56% growth experienced in 2018.
RENTAL MARKET
Median Rental Rates Rental Market
$560
i. Vacancy
$540
The suburb currently has a very low vacancy rate
$520 (decreased since the last 2 years) of 1.9% reflecting a
$ 500 $ 500 $ 500 $ 500
$ 490 $ 490 high demand for housing in the area.
$500
$480
ii. Rental Yields
$460
Currently stand at 4.6% and have averaged at the
$440 same rate for the past 10 years, reflecting a return
higher than the cash rate and a strong level of
$420
historical rental returns for investors.
2013 2014 2015 2016 2017 2018
SOURCE: RESIDEX & SQM RESEARCHU P COMING INF R A ST RUCT U RE
UPCOMING South East Queensland is set to benefit immensely from
the extension of the Gold Coast Light Rail set to increase
INFRASTRUCTURE connectivity and tourism projects creating employment
opportunities and economic growth.
Future Projects
A B
GOLD COAST LIGHT RAIL EXPANSION MAJOR ROAD UPGRADES
The extension of the Gold Coast Light Rail line was More than $1.5 billion has been allocated by the
announced in early 2016 and is one of the largest Australian and Queensland Governments to widen
transport infrastructure projects in Australia. Works two sections of the M1 Pacific Motorway. This upgrade
commenced in April 2016 and the G:link now connects will reduce travel time and congestion, improve traffic
19 stations along a 20km route, before connecting to flow and access on and off the motorway in the Gold
the Heavy Rail Train Station at Helensvale. The most Coast Region.
recent stage of construction will connect Broadbeach
to Coolangatta (via Gold Coast International Airport).
C D
HOSPITAL EXPANSION COOMERA TOWN CENTRE
There will be a $112.2 million commitment over The new $470 million Westfield Coomera is
four years to redevelop Logan, Caboolture and perfectly position to become the heart of Coomera
Ipswich Public Hospitals in SEQ. The Logan Hospital Town Centre. Recently opened in October 2018,
Infrastructure Program is set to support new Westfield includes two supermarkets, several major
residents moving into the region with 4 new levels, retailers, 120 specialty stores, casual dining and
105 new beds and 48 new treatment spaces. Young entertainment, a cinema and market-style fresh food
families will also benefit with a 1,803m2 expansion precinct. Upon project completion the Coomera Town
to the maternity ward offering new beds and Centre will include health and lifestyle amenity and
birthing suits. A brand new multi-storey car park is 25,000 dwellings.
also planned to provide ample parking options.
Image credits (from top left) Gold Coast light Rail - Goldlinq, GC Highway, Logan Hospital Redevelopment - Metro South Health CGI, Coomera Westfield CGI, (facing page) The
Star Casino Upgrade CGI, GC Health & Knowledge Precinct CGI, Yarrabilba, , Commowealth Games.U P COMING INF R A ST RUCT U RE
E F
THE STAR GOLD COAST CASINO UPGRADE GOLD COAST HEALTH AND KNOWLEDGE PRECINCT
Formerly known as Jupiter’s Casino and making A $550 million legacy project has begun to convert
great headway on the transformation, the original the former Gold Coast 2018 Commonwealth Games
$850 million masterplan to expand the Broadbeach Athletics Village, to mixed use residential, retail
property has expanded into a mega investment of and commercial development. Encompassing
$2 billion set to boost tourism and jobs in SEQ. A over $5 billion in world class infrastructure, the
plan to construct 4 additional towers and increase recently completed precinct includes the Gold
capacity to 3000 hotel rooms is set to make The Star Coast University Hospital, the new Gold Coast
comparable to some of the largest Las Vegas resorts. Private Hospital and Griffith University, forming
The project is set for completion in 2022. 200-hectare high-tech hub. Supporting 26,000 jobs
once complete and $2.9 billion for the economy over
the next decade.
G H
MAJOR ACTIVITY CENTRES SPORT AND RECREATIONAL FACILITIES
A number of major expansion areas have been As part of the Commonwealth Games, over
identified for development in the SEQ Regional Plan $320 million in new sporting infrastructure was
including Coomera, Park Ridge, Yarrabilba, Flagstone/ developed in the region. Adding 3 new sporting
Flinders, Springfield and Ripley, which will see the venues to the Gold Coast, 7 upgraded facilities and
development of a number of new town centres and the new $40 million Coomera Indoor Sports Centre.
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