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Published On: Fri, Apr 29th, 2011

HIA Report: Pimpama, Coomera and Upper Coomera are Australian Property Hotspots

The HIA has released their annual Population and Residential Building Hotspots report and Pimpama-Coomera has topped the list for Queensland.

The HIA-JELD-WEN Population and Residential Building Hotspots report gives a snapshot of Australia’s fastest growing areas over the previous financial year.

QUEENSLAND took out five of the top 20 national hotspots for residential development with the highest Pimpama-Coomera at No.3 and Kingsholme-Upper Coomera at 14.

Other Queensland areas that also made the National top 20 were Griffin-Mango Hill in Brisbane, Condon-Rasmussen-Bohle Basin in Townsville and Ipswich.

The makeup of the rest of the top 20 national hotspots were Western Australia with 4, NSW with 2 and Victoria with 9.

A hotspot is defined as a local area where population growth exceeds the national rate (which was 1.7 per cent in the year to June 2010) and where the value of residential building work approved is in excess of $100 million.

 

About the Author

- Glenn Batten is the Principal Licensee of First National Real Estate Upper Coomera which provides residential property sales and property management services throughout the Northern Growth Corridor suburbs of Upper Coomera, Coomera, Pimpama, Willow Vale, Ormeau and Oxenford.

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