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Coomera

POSTAL CODE: QLD, 4209
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Based on its average 5-year and quarterly capital gains COOMERA, 4209 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that COOMERA, 4209 obtained a 8.47% growth over a ten-year period. It ranks 228th on our list of suburbs that property investors should look into.

COOMERA, 4209 in QLD belongs to the local government area of Gold Coast.

COOMERA, 4209 has a capital gain of 17.06% for the past year, which is higher than average compared to its 76.11% growth within a five-year period.

With the median home price in COOMERA sitting at $995,000, and the average rent at $780, property owners could potentially earn a 4.08% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in COOMERA are low, as opposed to average gains per annum over the past five years.

Surburb overview

Coomera is a Gold Coast, Queensland suburb located approximately 57.7 kilometres southeast of Brisbane's Central Business District (CBD) and 23.8 kilometres north of Southport. It has an area of 24.6 square kilometres and is strategically located near the Pacific Motorway, providing convenient access to Brisbane and the Gold Coast.

As of the 2021 census, Coomera's population was 20,225 residents. The suburb has experienced significant growth, with forecasts predicting an influx of nearly 63,000 new residents by 2041, potentially doubling its population. This rapid expansion underscores the area's appeal to families and investors.

The real estate market in Coomera reflects this growth. As of November 2024, the median sale price for houses was $845,000, with a 9.49% annual growth rate. Units had a median price of $616,250, experiencing a 13.07% growth over the same period. Rental yields are also notable, averaging 4.58% for houses and 5.27% for units, indicating a robust investment environment.

Coomera boasts a range of amenities catering to its growing community. The Westfield Coomera shopping centre, opened in October 2018, offers extensive retail and dining options. Educational institutions include Coomera Rivers State School, Picnic Creek State School, St Joseph's College, and Foxwell State Secondary College, providing comprehensive educational services from primary to secondary levels.

Public transportation is well-developed, with Coomera railway station as a key hub on the Gold Coastline, facilitating easy commutes to Brisbane and other parts of the Gold Coast. Local bus services complement the rail network, enhancing the connectivity of the suburbs and surrounding areas.

Recreational opportunities abound in Coomera. The suburb is home to Dreamworld, one of Australia's largest theme parks, attracting visitors nationwide. Additionally, the Coomera Sports Park and various local clubs offer facilities for rugby, soccer, and Australian rules football, promoting an active lifestyle among residents.

Looking ahead, significant developments are set to transform Coomera further. The proposed Coomera Urbana Village project plans to introduce four towers ranging from 16 to 25 storeys, adding approximately 700 residential units. This mixed-use development aims to alleviate housing shortages and enhance local amenities with restaurants, retail spaces, a gym, and a medical centre.

In summary, Coomera's strategic location, rapid population growth, and ongoing infrastructure developments position it as a vibrant and promising suburb within the Gold Coast region.

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