Glenn Batten

Coomera and Upper Coomera Developments

Local Real Estate

Lynda Campbell from Colliers International Research regularly releases development lists for the Gold Coast’s Growth Corridor including the suburbs of Coomera and Upper Coomera.

The last list published in the Gold Coast Bulletin in January, 2010 included the following developments for Coomera and Upper Coomera

Coomera Developments

Project Development Type Status Amount $m
Beacon Heights Residential Under Construction 10
Beattie Road Commercial Planned 15
Big Sky Mixed Under Construction 500
Citywalk at Coomera Mixed Planned 250
Coomera Downs Residential Under Construction 10
Coomera Park Estate Apartments Planned 80
Coomera Parklands Stage II Residential Under Construction 40
Coomera Town Centre Mixed Planned 1000
Coomera Waters Residential Under Construction 546
Coomera Woods Residential Planned 600
Cunningham Drive Mixed Planned 40
Days & Old Coach Roads Apartments Planned 75
Finnegan Way Apartments Planned 10
Finnegan Way Residential Under Construction 8.5
Finnegan Woods Residential Planned 24
Foxwell Road Commercial Planned 10
Foxwell Road Retirement Planned 200
Foxwell Road Residential Planned 10
Genesis Residential Under Construction 250
Lily Rise Residential Under Construction 30
Nautical Edge Residential Under Construction 200
Shipper Drive Commercial Planned 250
TAFE College Infrastructure Planned 31.6
Tooraneedin Road Residential Planned 12

Upper Coomera Developments

Project Development Type Status Amount $m
Baileys Mountain Road Apartments Planned 20
Billinghurst Crescent Residential Planned 6
Coomera InterchangeExit 54 Infrastructure Under Construction 5
Coomera Palms Residential Planned 40
Coomera Retreat Residential Under Construction 55
Coomera Springs Residential Under Construction 120
Dalton Street Commerciaf Planned 15
Ghostgum Grove Residential Planned 25
Highland Reserve Residential Under Construction 221
Park Springs Estate Residential Under Construction 25
Reserve Road Aged Care Facility Retirement Planned 15
Reserve Road upgrade Infrastructure Under Construction 14.4
Riverside Residential Resort Retirement Under Construction 40
Riverstone Crossing Residential Under Construction 318
Surfside bus depot Commercial Planned 10
The Landing Apartments Under Construction 14
The Retreat Residential Under Construction 10
Upper Coomera Community Centre Infrastructure Planned 7.5

Source: BCI Australia,  Prodap and various newspapers Preared by : Colliers International Research December 2009

The full text of the Article

Coomera’s $5.5b Pipeline

Development in the Gold Coast’s fast growing Northern corridor has continued to expand, with more than $5.5 billion of major projects planned or under way, new research by Colliers International shows.

The latest Colliers International Coomera Development Map, compiled by research manager Lynda Campbell, found the value of projects in the region had increased by more than $500 million since the report was last undertaken in March last year.

The planned Coomera Town Centre has been upscaled from $650 million to $1 billion and new infrastructure projects, including the $14.4 million upgrade to Reserve Road in Upper Coomera and a $22 million stimulus for local schools have driven up the value of development in the area.

Projects in the pipeline have lifted from $1.9 billion earlier this year, to almost $2.9 billon.\

At the same time, construction activity has dipped, from $3.2 billion to $2.65 billion on the back of the completion of a number of residential developments including the $30 million Timberview and $20 million The Views communities, both at Upper Coomera, and the $12 million Coomera Police Station.

The report included major projects valued at more than $5 million in Coomera, Upper Coomera, Guanaba. Maudsland, Oxenford and Wongawallan.

Colliers International Gold Coast director in charge Stewart Gilchrist said the majority of activity was centred in the booming suburbs of Coomera and Upper Coomera, “With residential land in the central Gold Coast virtually developed out, this area will continue to be the focus for major new subdivisions and masterplanned communities over the next decade,” he said.

“We are also seeing commercial and Mixed use projects being constructed to service the significant, and rapidly expanding, residential population now calling this area home.

“The largest of these is the planned Coomera Town Centre, which would see the area become almost a ‘city within a city’ with a range ofservices, amenities and employment opportunities on the doorstep for residents.” Residential projects accounted for the largest slice of the development spend in the area, with $2.79 billion worth under way or in the pipeline.

Ms Campbell said while there were few infrastructure improvements under way or in the planning stages, they would play a vital role in supporting the area’s ever growing population.

“Infrastructure will be key in coming years and, as a result, we would expect this figure to grow over subsequent reports,” she said,

“We are seeing a number of smaller road improvements under way, including the Coomera Interchange and Reserve Road upgrade.

“The $31.6 million Coomera TAFE College and $7.5 million Upper Coomera Community Centre are also still planned and will play an important role, not” only in servicing the existing population, but in continuing to attract ncw residents to the northern Gold Coast suburbs.

“In order for the region to maintain its rapid growth, the creation of employment and education opportunities and community amenities will be vital.”

Ms Campbell said while there was a steady pipeline of projects yet to be rolled out in the area, there was a number of major projects already under way.

A scan of the article as it appeared in the Gold Coast Bulletin can be downloaded here

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