@pjewitt,

Yes, based on what they are available here in Sydney NSW, Todd Hunter is the man you are after.

He’s got some valid suggestion in directing my investment need in COOMERA and ORMEAU area. Not many people knows about those two places until now it gets more popular due to Disneyland and Westfield mall development.

Hi @henry,

I believe now it is the good time to consider COOMERA as the next boom suburb in QLD

Disneyland: http://www.news.com.au/travel/travel-ideas/family/new-billiondollar-theme-park-to-rival-dreamworld-to-be-built-by-chinese-developers/news-story/ec83e943b9fc3aae9c50d80689cc5850

Westfield Mall development http://www.coronis.com.au/blog/a-decade-of-planning-sees-coomera-flourish

I’m sure those tow big companies have done their due diligence to invest multi billion dollar in the area.

Any thoughts and comments on this suburb will be greatly appreciated.

Thanks.

jaytaylor wrote:

Hi There, would really appreciate local people thoughts who are familar with the Upper Coomera suburb. Around two years ago, I had purchased a brand new three bedroom home from the devine property developers (link provided below). Since, im in Melbourne I dont get to see much updates on the area. I was thinking of selling the place as the property has not increased much at all, im looking to build up equity so I can purchase another Investment Property. Furthermore, from my research there seems to be an oversupply of property there at the moment and 4 bedrooms seem very popular there as well. I know there will be future projects going on in the future eg the New Coomera Town Center. But personaly, I cant see this will make prices sky rocket. Another side of me says keep it, and see what happens in another few years time. But maybe I should just sell, and purchase somewhere where I could afford that has a higher demand. Also, can you see property will at least double within ten years there? What are your thoughts? Furthermore, purchased my place for $316,000 and currently getting around $310 rental.
Thanks,
http://www.devine.com.au/coomerasanctuary/location.html

@jaytaylor,

I think this year is the good starting year for COOMERA due to the two big development in the area as follows:

Disneyland: http://www.news.com.au/travel/travel-ideas/family/new-billiondollar-theme-park-to-rival-dreamworld-to-be-built-by-chinese-developers/news-story/ec83e943b9fc3aae9c50d80689cc5850

Westfield Mall: http://www.coronis.com.au/blog/a-decade-of-planning-sees-coomera-flourish

Surely those two big companies won’t randomly select the area in COOMERA hence it is the good news for investor and occupier alike.

let us know how you go with it. I’m all ears for any comments regarding the COOMERA, UPPER COOMERA and ORMEAU progress.

@benny yeah that’s what I was thinking, because COOMERA has been dormant and so far I heard good plans only this year.

I must admit that COOMERA has been spruiked since 2011 and hopefully this time it is started to be come profitable.

Skydancers wrote:

Hi there
I’m new to this forum and looking for my first investment property. I’ve heard about the tax benefits of buying a new property but want to stay under $400 000. We’ve seen one that’s 5 – 6 years old, in Upper Coomera in our price range that we think is a great deal. (Radically reduced) Awesome location, bus, park, schools, shops and rental $400 pw.
Any thoughts? I feel like a novice and would appreciate any advice.
Thanks so much
Ps: Is there a way to ‘watch’ topics and be notified of new posts on previous topics?

Good news for you mate, Disneyland will be built in COOMERA area: http://www.news.com.au/travel/travel-ideas/family/new-billiondollar-theme-park-to-rival-dreamworld-to-be-built-by-chinese-developers/news-story/ec83e943b9fc3aae9c50d80689cc5850

Once it is fully built, it will be a great Capital Gain booster to the property price in COOMERA and UPPER COOMERA area.

ok, this is another news for COOMERA: http://www.hit107.com/scoopla/life/blog/2015/11/disneyland-could-be-heading-down-under/

So does this would means this area is now started to be getting better hence the developer selected this area ?

Michael 888 wrote:

Thx for that BG. I had read those articles…….. This Westfield development has been promoted (spruiked) since 2004. Prices have since softened in the new house and land stock there. I have been following it sonce 2006/2007 and fortunately I didn’t buy. Even within 1 km of the train, which I must admit is a unique piece of infrastructure to be able to walk to a train station on the Gold Coat. Not a common thing. I understand that projects and development of this nature take time, however as a good place to buy for future capital growth?……………………….how far into the future? Whatever is purchased there will be a negative gearing play…….how long will it take for rents to rise and demand to provide growth?………………….there is no housing shortage on the Gold Coast anywhere.
I was addressing keiko’s comment. My opinion is that Brisbane will ostensibly outperform the Gold Coast by a long shot when it turns to the upside. I don’t trust councils and developers to deliver when/where they say………………….this thing has been promised for a lon time. This will likely eventuate and possibly GFC and other leverage issues with Westfield may have deferred this project from starting. My take is (like buying a rising share/stock)…..wait until this thing has started before committing funds there for IP’s. It’s not as if the market is booming there or anywhere near there ………………..yet. Merely my 0.02.
I do however agree with your notion Bluegrass about renting versus ownership. Saqib, It is generally (mostly) cheaper to rent where you wish to live/reside than to actually buy there and furnish mortgage and other non-deductible costs. Funds may then be directed toward investment assets where debt servicing is tax deductible.
There is one aspect of owning though rather than renting and it does not involve financial criteria, but rather the intangible feel good comfort of owning. This cannot be discounted and will be different for every person. The great aussie dream is not dead just yet. Saqib, step back and establish some goals as to what you want from property. Be very careful from paying too much for brand new housing to entities who will benefit on many and varied levels from selling you their stock. Look for amenity and where you (or you tenants) wish to live and that will have greatest demand. Keep reading through this forum and search the sub-forums then narrow down you selection to a few suburbs. Research further and if you are not confident, engage a buyers agent/advocate. I haven’t had the pleasure of meeting Andrew in person yet, however have read enough of his posts here and moreso on another forum…..IMO you could do much worse than engaging Andrew Allen to assist you should you feel the need.
Good luck.

@michael-888, Finally the mall has been approved, so it is should be BOOMERA now ;-)

See: http://www.coronis.com.au/blog/a-decade-of-planning-sees-coomera-flourish