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UPPER Coomera Real Estate

Upper Coomera Real Estate Quick Stats

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Median Sales Price

House $561,000

Unit $399,000

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Days on Market

20 Days

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On Market (4209)

683 July 2021

1193 July 2020

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Vacancy Rate 4209

0.4% June 2021

1.2% June 2020

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Average Yield

House 4.5%

Unit 5.5%

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Median Rent

House $490

Unit $420

Sourced from Corelogic, SQM and realestate.com.au. Stats are for 12 months to July 2021, except where stated.

Upper Coomera Suburb Profile

Upper Coomera - Willow Vale populationUpper Coomera is mostly an established suburb, with some new areas being developed. There are shopping centres, commercial areas as well as the Upper Coomera Civic Centre.

Upper Coomera is a family friendly suburb with over 70% of households with children. This suburb is well serviced with several  schools. Read about Upper Coomera Schools here. Upper Coomera households have a higher average income than the Gold Coast as a whole, with the main employment being trades.

It is not hard to see why so many people are choosing to move to Upper Coomera. Upper Coomera has a great location for work – life balance being only 45 minutes to Brisbane CBD and about 20 minutes to the beaches at Southport. Upper Coomera is only a few minutes’ drive to Movie World, Wet ‘n Wild, Dream World and White Water World theme parks. Easy to get to work either north or south, and close to family friendly fun on weekends and holidays.

Upper Coomera has plenty of open park land and reserves. Lots of green space. Great for walking the dog, playing with the kids, or just enjoying the Gold Coast climate.

There is a wide variety of housing styles in Coomera, including stand-alone homes on small to large blocks, townhouses, and units. There are also Over 55’s villages to choose from. A bonus option in Upper Coomera is acreage and semi-acreage living. There is a new semi-acreage subdivision plus a number of acreage lots in the foothills, some with views to the east and south.

Upper Coomera is also a great home for people who love boating and fishing. The Coomera River provides deep water access to the Broadwater, southern Moreton Bay and the Pacific Ocean through the Gold Coast Seaway. Infrastructure and services for boaties include the Gold Coast City Marina and Shipyard, numerous boat ramps along the Coomera River and feeder creeks.

This is a great time to buy in Upper Coomera because housing demand and property values will increase as more infrastructure is completed in neighbouring Coomera and Pimpama. Read about recent and upcoming infrastructure and services below.

 

Investors News

According to SQM research, the average vacancy rate in the 4209 postcode suburbs – Coomera, Coomera Waters, Pimpama, Upper Coomera and Willow Vale – in February, March and April was just 0.5% to 0.6%. This is down from a respectable 2.1% at the height of the pandemic in April 2020. There are reports of some prospective tenants offering more than the advertised rent to try to secure a property. There is a strong investors market in the North Gold Coast, whereas the rental market has become sluggish in some areas of Australia, particularly less lifestyle-friendly properties such as inner-city units in the major cities.

 

 

Upper Coomera Developments

The neighbouring suburbs of Coomera and Pimpama are high growth suburbs where the infrastructure is rapidly catching up with demand. Governments and the commercial sector are rapidly providing new infrastructure and services centred around the Coomera City Centre (where the new Westfield is) to benefit North Gold Coast residents. You can read about these developments on the Coomera page and the Pimpama page.