Located in the heart of north Gold Coast, Pimpama has been declared the fasted growing housing market in Queensland and one the fastest growing housing markets within Australia.
A rapid increase in population
With over $340 million of residential work approved and population soaring at a rate of 35.1%, Pimpama was named the second strongest building hotspot in Australia, according to the HIA Population & Residential Building Hotspots Report 2018.
With an increase in population comes the demand and need for state-of-the-art infrastructure, including a $100 million Pimpama Shopping Centre, a $470 million Westfield in neighbouring Coomera, the $4.8 billion airport link and a $1.35 billion Brisbane airport expansion.
An abundance of lifestyle amenities
These upgrades and new facilities have been crucial to Pimpama’s connectivity and lifestyle, and have been a major drawcard for purchasers.
Since launching Willow Pimpama Village to market a few weeks ago, Ausin Group has successfully sold 23 blocks, with strong demand from investment markets, as well as local owner-occupiers and first homebuyers.
Located just 35 minutes from Brisbane and 25 minutes from the Gold Coast, Pimpama is proving to be the best of both worlds and offers future residents and abundance of amenities.
Once complete, the Pimpama City Shopping Centre will feature a 4,000sqm Coles supermarket, a 1,810sqm Aldi supermarket and approximately 25 specialty stores. In addition to fast food giants such as KFC and Hungry Jacks, it will also host a new tavern.
The first stage is already open, featuring a 150sqm Zarraffas drive through outlet, and a Coles Express Service Station, with subsequent stages set to open later this year.
Most recently, US fast-food giant Carl’s Jr has announced Pimpama Central will be home to its second Queensland store, due to the tremendous growth potential of the suburb.
In the neighbouring suburb of Coomera, which is fast becoming a sell-out success, the construction of the $470 Westfield Coomera Town Centre is also due late 2018.
Residents to be connected more than ever before
With such a steep increase in population expected, the Queensland Government has announced a $1.35 billion airport expansion, making it Australia’s biggest airport project to date.
Once completed in 2020, the airport will feature the best runway system in Australia, while boasting the same flight capacity as Hong Kong and Singapore – effectively doubling its current capacity for travellers within the area. This also leads to a greater choice in airlines, destinations and ultimately, flight times.
With passenger numbers in Brisbane forecast to double to 48 million by 2034, a $158 million international cruise ship terminal has also been proposed, alongside the $4.8 billon airport link, which is touted as Australia’s longest road tunnel.
In terms of public transport, a new cross-city transport project has been underway since 2016, known as Cross River Rail, which aims to unlock the bottleneck at the core of Brisbane’s transport network. The five new high-capacity stations situated in inner city locations will provide access to more places to study, to work and to socialise.
In addition to the Cross River Rail, the Queensland Government has also committed to building three new rail stations on the Gold Coast, including Pimpama, Helensvale North and Worongary-Merrimac, to assist with the influx of passengers commuting between Brisbane and Gold Coast.
The Gold Coast Light Rail Network will also provide easier access to the Gold Coast University Hospital, but for those looking for something closer to home, Pimpama is only five minutes from the Pimpama Medical Centre and the Medicross Medical Coomera.
We can’t forget the $3 billion dollar entertainment precinct project either, which is expected to be completed in 2022. Queens Wharf will be a world-class integrated resort and entertainment precinct with more than 1,000 premium hotel rooms and a residential precinct of around 2,000 apartments.
With an abundance of world-class infrastructure either proposed or currently underway, it’s no surprise that demand for Pimpama has increased, particularly as individuals are now priced out of the Coomera market.
Although Pimpama is a popular choice for investors looking to capitalise on the region’s growth, demand from first home buyers is still as strong as ever.
Pimpama Village witnessing strong growth
Pimpama Village, a 54-hectare master-planned development located in the Brisbane to Gold Coast Growth Corridor, is one of the last land developments within the Coomera / Pimpama area, and purchasers are moving quickly before it sells out.
If you’re interested in becoming a part of the Pimpama Village success story, please contact Amy McNamara on 0409 921 196 or firstname.lastname@example.org