HTML tutorial
Published On: Mon, May 9th, 2011

Coomera District Land Sales Dominate Gold Coast Total

In a recent article about the dramatic drop in sales of brand new spec homes as a direct result of harder banking conditions on details were revealed on the vacant land sales. Of a total of 292 sales in the city during the first quarter of this year over two thirds of those sales (199) were in the Coomera District.

Here is an extract from the article.

Prodap said there were 292 vacant housing lots sold in the March quarter, up from 240 in the December quarter. The December figure formerly stood at a 16-year low of 175 lots, but Mr Morris yesterday said this had since been revised to 240 following some late sales data received by Prodap.

Mr Morris said the March sales figures reflected a surge in incentives such as free landscaping being offered to buyers, particularly by major players such as Stockland and Devine.

“It’s very competitive out there,” Mr Morris said.

Most of the 292 lots sold were on the city’s northern fringe, the last frontier for broadacre development on the Coast. The hot spots included Upper Coomera (with 90 sales), Willowvale (42), Coomera (39) and Ormeau (28).

Mr Morris said average prices in the Coomera-Pimpama region had softened by 10 per cent over the past three years, “but this should recover over the next couple of years, particularly when the Coomera Town Centre gets going”.

Read the full article by Nick NicholsĀ on Gold

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.

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Creation Homes at Gainsborough Greens

Recent Comments

  • Lisa Ricourt: I am interested in finding out more about the sale of indivi…
  • John: hey, I would like to get a spot in the new soon to come shop…
  • Sophie: Where is the new shopping centre? Just saw news online but c…
  • Tim Wong: Can I have the location of New Coomera School please?…
  • Wayne Bennett: I hope that there will be a road upgrade done as well. The r…

Subscribe Now !!!

Coomera Investor is a curated real estate news site for articles of interest to current and prospective property owners for the Coomera District of the Gold Coast. Sign up to receive an email when an article is added to the site.