Helensvale and Upper Coomera the next growth suburbs?
INDEPENDENT valuers have picked several suburbs or “hidden gems” on the Gold Coast where they expect prices to start surging.
The latest quarterly Westpac/Herron Todd White Property Report, out today, had 57 independent property valuers pick the best value suburbs with solid growth prospects.
Valuers picked Helensvale and Upper Coomera as hidden gems where there was strong growth potential over the next five to 10 years.
Herron Todd White chief executive Brendon Hulcombe said Helensvale was well planned with a range of lowset four-bed brick homes put in between 1985 and 1995 and prices starting at $425,000 to $475,000.
“Property values are likely to climb once the extension of the light rail service to Helensvale is approved, possibly in the next few years. This link will markedly improve transport times to central areas of the Gold Coast,” he said.
Upper Coomera was the valuers’ pick for first-home buyers looking for long-term growth — given four-bedders started at $375,000.
“The overall presentation of the suburb is improving. Value growth will be further supported by the completion of the planned Coomera — M1 interchange. In addition, Westfield has announced the construction of Coomera Town Centre, a major shopping centre for the area,” he said.
Herron Todd White chief executive Brendon Hulcombe said the hidden gems had “the trifecta of amenity, affordability and healthy long-term capital growth prospects”.
“There are still pockets of affordable hidden gems with healthy growth potential,” he said.
