Located in the heart of one of South East Queensland’s most active and rapidly expanding regions. The investment property advisor predicts the $1.55 billion town centre will be a greenfield development within the city’s northern growth corridor. The town centre’s position and planned growth will make it a vital driver of the Gold Coast economy.

The Coomera Town Centre, developing by Scentre Group and QIC Real Estate will comprise two department stores. A discount department store, cinemas complex, a tavern, two supermarkets, six mini main tenants, 123 speciality retailers and 61 food outlets. 93,320m2 of allowed floor space.

As a major activity centre, the Coomera Town Centre will serve a catchment of regional significance. It will accommodate vital concentrations of employment and a considerable residential population. According to investment property advisor, it will provide a range of business, service and retail operations and district or branch offices of government, and cultural and entertainment amenities of regional significance. 

The investment property advisor answers, to what end is the Coomera town centre being envisioned?

The development around the Coomera rail station property in Australia will encourage people to live, work, and play in the area. Basically, getting around town will be easier for those who choose to walk, bike, or take public transportation. The investment property advisor expects a busy and vibrant town centre near the rail station to be built in Coomera Town Centre in the future.

COOMERA TOWN CENTRE PRECINCTS

• Precinct 1 Coomera Activity Centre
• Precinct 2 Showroom and Bulky Goods
• Precinct 3 Government
• Precinct 4 Medium Density Residential
• Precinct 5 High-Density Residential
• Precinct 6 Low Impact Industry
• Precinct 7 Education
• Precinct 8 Dreamworld
• Precinct 9 Open Space



In, the heart of the Coomera Town Centre is the Coomera Activity Centre Precinct. Major retail, commercial, cultural, civic, entertainment, recreational. We expect related development to take place in the district. High-density residential developments that cater to a wide range of demands, income levels, and life stages. On higher floors, high-density residential housing is encouraged in order to keep this area active 24 hours a day, seven days a week. 

A CHRONOLOGY OF THE TOWN CENTER’S PAST

The State planning and transportation agencies hired consultants recruited by the Gold Coast City Council in 1995 to build a new transit-oriented settlement of 70,000 people on 5,000 hectares. There were many streams and valuable natural ecosystems on the site that transitioned from rainforest ridges in the west to gentle slopes that stretched eastward to an alluvial coastal plain. About 600 separate proprietors occupied the site, which was blighted by the Gold Coast Railway and three stations. With the help of stakeholders, developers, and government agencies, the Charrette generated an illustrative Regional Plan and various Town and Neighbourhood Plans.

Description

In the Gold Coast Railway’s three prospective station locations, the Charrette Regional Plan clustered several neighbourhoods around three transit-oriented towns. The positioning of Bus-based neighbourhoods is close to natural habitats and corridors. 

Coomera’s principal town centre west of Coomera Station will span Foxwell Rd and connect to Dreamworld. A university, hospital, major retail comparison, other companies, and extensive high-density housing are coming in and around Coomera Station. It will be a part of the Coomera Town Centre Local Area Plan. So, visit the City of Gold Coast for further information. 

Check out, Investment property advisor answers: Are properties in your portfolio exposed to coastal risk?

CONSTRUCTING INFRASTRUCTURE IN AND AROUND THE COOMERA TOWN CENTRE

GOLD COAST MARINE PROJECT

Using Gold Coast City’s most important marine industry precincts (GCMP) is to manufacture, repair/service, and renovation of recreational boats. The business sector has made an estimated $120 million towards this area’s development. Companies including Gold Coast City Marine Complex, Maritimo Offshore, Quintrex, and Perry Catamarans have their headquarters in this precinct. Typically, Mercury Marine is also based in this area, as is the Mercury Marine Group.

They have created nearly all of this new employment. As a result, of the Precinct’s establishment, with 60 separate enterprises employing about 2500 people.

Over time, the Precinct’s development might produce as many as 5000 jobs, according to the estimates of an investment property advisor.

COOMERA INDOOR SPORTS CENTRE PROJECT

There will be no other facility on the Gold Coast like the Coomera Indoor Sports Centre. This will serve as a rapidly expanding section of the community.

Netball, volleyball, basketball, and gymnastics will all be able to use this new multi-purpose facility at Coomera Sports Park.

Comes along with a world-class competition facility, with the potential for top training and competitive use. The gymnastics arena, mixed-use sports courts, conference room amenities, and a kiosk are all included in the venue design. 

Explore Coomera exit 54 interchange upgrade—Pacific Motorway

Another point by an investment property advisor is that the Pacific Motorway’s Exit 54 junction at Coomera will be rebuilt to accommodate the area’s future growth.

Location: Coomera, on the Pacific Motorway

However, according to an investment property advisor, the following are some of the most important milestones:

• Completed detailed design by mid-2015.
• Construction will begin in late 2015 or early 2016.
• They completed construction in late 2016.

Funding:

The Australian government has pledged $10 million, and the developers of the Coomera Town Centre have pledged $17.3 million. Together, these three sources total $47.4 million.

If this spot makes you curious, let’s talk!

Basically, if you’re interested in developing an entirely risk-free property portfolio, I’d be pleased to assist you here at PB Property.

An investment property advisor is always a great tool to use while building a risk-free property portfolio.

Book an appointment today!