Coomera Update

20th
2009

This post was written by Katrina Lockhart @ mrd
Posted Under: Property Updates

Coomera is a location that has not yet realised its full potential! This area has massive plans for growth and development. For those that have invested in good faith – you will be rewarded.

coomera-town-centre-broch

(Click image to see a larger version)

Coomera has changed very rapidly over the past few years. High density housing east of the Motorway in and around the old Coomera Township brought many new families to the area. New shops opened and activity in the area has increased. This activity confirmed to many people that Coomera was finally on the move. Meanwhile, the acreage precinct along Foxwell Drive (which is also the middle of the new Coomera Town Centre) has seen developers, investors and speculators buying up rural land for future redevelopment…

The pace of investment in land in the Town Centre precinct and along Foxwell Drive has outstripped all expectations. The volume of investors in the area has led to a steep rise in asking prices. Consequently, the area has many land parcels currently under contract with an eye on future development. This activity has been fuelled by constant media attention regarding the new Town Centre and this has attracted developers and investors from all parts of Australia. Today Coomera is the fastest growing suburb in Australia.

Billion Dollar Town Centre gets the go ahead

After more than a decade of planning and controversy, the billion-dollar Coomera Town Centre has been given the green light, with the State Government signing off on the Gold Coast City Council master plan.

Coomera’s New Town Centre is planned for, and has approval for, an area of approximately 60 hectares located around the Brisbane-Gold Coast Rail link and centred on the Coomera station. Once completed, this new city will be as large as Southport with over 100,000 square metres of retail space that will cover an area four times larger than Pacific Fair.

The ‘New Town Centre’ plan will be a true ‘city centre’ with retail areas forming part of the streetscape, similar to Southport, rather than a single major shopping centre. The whole of the Coomera Town Centre area, including the residential component, is about the same size as the Brisbane CBD. The town centre will be surrounded by local satellite centres, along with neighbourhood centres. Also planned, are a number of Local, State & Federal government service offices .

These include a library, community hall to host 1000 people, council branch offices, a medical precinct including a possible new hospital and new public & private schools. Higher education will feature a campus for Griffith University and a new TAFE located close to the train station. Town planning has indicated that the core of the Town centre will see development up to 14 storey buildings.

Coomera Town Centre is strategically positioned between the Robina and Beenleigh Principal Activity Centres with convenient access to both the Gold Coast rail line and the Pacific Motorway. Its location and expected growth will make it a key driver of the Gold Coast economy.

According to the “Gold Coast City Coomera Town Centre Structure Plan – Final – January 2009″, the Coomera Town Centre will become a transit oriented community relying heavily on highly accessible and diverse employment opportunities in proximity to the Coomera Transport Hub. The format of the Town Centre’s core, the Coomera Activity Centre Precinct, will serve to position it as part of the next generation of true city centres, with a focus on street life and activity on an interconnected city grid of public streets.

The Government is also considering a proposal to double the size of the neighbouring marine precinct, potentially generating an extra 1000 jobs.

Deputy Premier and Infrastructure Minister Paul Lucas signed off on the city council’s structure plan for the Coomera town centre.

“This is a plan to create a new community at Coomera, providing thousands of jobs and injecting money into the local economy,” he said yesterday.

“In time, the Coomera Town Centre will become a destination in its own right and the city council expects about 20,000 people will work there by 2026. “This will be a transit oriented community, with about 10,500 dwellings supported by retail, tourism and commercial uses.

“The plan is designed to help protect the local environment with an open space corridor to preserve the ecological value and scenic beauty of Oakey Creek, which frames the town centre.”

He said the town centre would offer a range of dwellings, from detached houses to units, to encourage diversity and affordability. Residential densities will be highest in the areas nearest to the transport hub, to gain the maximum use of public transport.

“Thanks to QR’s upgrade of the Brisbane-Gold Coast Rail Line, including a second track from Ormeau to Coomera, train services on this route are more frequent and comfortable,” said Mr Lucas.

Development of the Town Centre is expected to begin in the next twelve months.

To view the following map in more detail, download the Town Centre Structural Plan and go to page 47.

To see the Coomera Town Centre Structure Plan click here (53 Pages – 1.8Mb PDF)

coomera-area-map-projects1

(Click image to see a larger version)


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