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Published On: Mon, Jan 18th, 2016

Hotspotting Identifies Gold Coast Growth Corridor

Terry Ryder is one of Australia most respected property researchers and commentators and operates the highly successful website Hotspotting.com.au.  In an article run in the News.com.au website, Terry Ryder selected Oxenford and the Gold Coast Growth Corridor suburbs ( which include, Coomera, Upper Coomera and Ormeau) as the number 1 location in Australia where he believes prices may soon take off.

Hotspotting provides a range of subscription offers for property investors starting at the PropertyU at $9.90 per month and works on the mission statement to provide Australian consumers with real news, genuine analysis and cutting edge research.

An excerpt from the article identifies why Hotspotting believes so strongly in this area of the Gold Coast.

Mr Ryder said all five had strong sales volumes numbers which were rising and were a better indication of future price growth than median price rises.

“Generally I think that sales volumes gives you a better feel for the market and can help you predict prices,’’ he said.

“The median price tends to be six months behind the game in terms of telling you what is happening.

“If there is a pattern of strongly rising sales volumes, history shows that will always lead to price growth. At the moment the area that really stands out in Australia, that has the most suburbs with a very strong pattern of rising sales volumes certainly about to lead the price growth, is the Gold Coast.’’

To put this into further perspective here are the latest sales statistics for houses in the  Coomera, Upper Coomera and Pimpama

Upper Coomera Sales Statistics 2000-2015

Upper Coomera Sales Statistics

Coomera Sales Statistics 2000-2015

Coomera Sales Statistics

Pimpama Sales Statistics 2000-2015

Pimpama Sales Statistics

 

 

 

You can read the quoted article from News.com.au in full here

 

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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