New Civil Hub For Coomera

The City of Gold Coast has revealed preliminary designs for a large, multi-purpose “civic hub” in Coomera.

The proposal calls for an “all-in-one” building on a site next to a Westfield shopping centre and close to Coomera Train Station. It would contain a library, co-working spaces for non-profit organizations, a theatre, a customer service centre, and offices for councillors.

The centre is intended to cater to a predicted population of more than 200,000 by 2041 – more than double the current population in northern Gold Coast. The design will also allow for the expansion of council services.

In response to a query from ArchitectureAU, the council declined to name the architect involved in producing the preliminary design, saying “Much of the details around the project, including design and funding, are commercial in confidence.”

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Coomera FHOG Hot Spot

Almost 1850 FHLDS guarantees were issued in Queensland across the first six months of this year.

Seventy were provided for properties in the postcode 4350, making it the most popular area for the period. It includes, among others, the suburbs of Toowoomba, Centenary Heights, Newtown.

Fifty-six guarantees were issued for homes in the postcode 4305, which encompasses the suburbs of Ipswich, Eastern Heights, Leichhardt.

Further north, 45 properties in the postcode 4740 (Mackay, Mount Pleasant, Andergrove) were settled with the backing of the FHLDS.

The top 10 areas were rounded off with postcodes 4510 (Caboolture, Donnybrook, Bribie Island); 4209 (Coomera, Sanctuary Cove, Pimpama); 4814 (Townsville, Heatley, Vincent); 4701 (Rockhampton, Glenmore Park, Sandringham); 4818 (Burdell, Thuringowa Central, Cosgrove); 4503 (Dakabin, Murrumba Downs, Griffin), and 4300 (Springfield, Goodna, Camira).

NHFIC does not provide the exact number of guarantees issued for postcodes unless a certain number is met. It says this is due to privacy concerns.

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New Special School For Coomera

The Queensland government has splashed another $346 million into an ‘education package’, which will see four new schools delivered around the state over the next couple of years.

It’s all part of the Palaszczuk government’s plan to get the economy back on track by boosting jobs wherever possible.

It’s understood around 870 jobs will be created during the construction phase of the four new facilities, with three to be completed within just 18 months.

New primary schools will be built in Caloundra South and North Maclean, while a new special school will be built in Coomera on the Gold Coast.

All three of those projects are due to be completed in time for the 2022 school year, while a fourth facility will be constructed in Brisbane’s inner west by 2023.

The new school in Coomera is set to include multi-storey junior and senior learning buildings (20 general learning areas), an administration block, resource centre, multi-purpose hall, hospitality and central amenities, and sports oval, carpark and drop off areas, according to the state’s plan.

Education Minister Grace Grace told state parliament it will support a number of special schools within the area.

“The new special school in Coomera will service the growing population in Coomera and Pimpama, and provide special schooling relief to existing Southport Special School on the Gold Coast and the Beenleigh Special School in Logan,” Minister Grace said.

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Foxwell State School Opens

The Gold Coast’s newest high school is officially open. Education Minister Grace Grace today joined the local school community in the opening of the state-of-the-art Foxwell State Secondary College.

“This is an exciting milestone for the Foxwell school community after what’s been a difficult year for our Queensland state schools with COVID-19,” Ms Grace said.

“I’m proud of Principal Kym Amor and her staff for ensuring that learning continued for the students at Foxwell during term 2. “Today we’re celebrating the official opening of Stage 1 of this $64 million school which is providing a world-class education for all students.

“Foxwell is one of many major school projects we’re investing in on the Gold Coast.

“Coomera is a rapidly growing part of the world which is why we’re building a new primary school at Pimpama opening in 2021 and a special school in 2022. “This Government is no stranger when it comes to investing in Gold Coast state school projects, with half a billion dollars invested since 2015.”

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Property Prices Go Through The Roof

PROPERTY prices in the northern corridor are set to boom following the opening of the long-awaited $470 million Westfield Coomera.

Real Estate experts are tipping the surrounding suburbs to benefit from the $1.5 billion Coomera Town Centre, which includes the new shopping centre and future plans for community space, commercial offices and entertainment facilities.

RiskWise Property Research CEO Doron Peleg said the entire region stretching from Oxenford in the south to Pimpama and Ormeau in the north would reap the benefits.

He said there were 3671 houses and 558 units in the pipeline for the next two years and while they carried a certain level of risk in the short term, over the medium and long term the area was likely to experience solid capital growth.

“The northern Gold Coast growth corridor is probably the fastest growing in the region,” he said.

“Anywhere we see population growth like this, we also see huge demand for dwellings, and this means the projection for strong capital growth is good.”

In 2011 there were 8,793 people living in Coomera but by the 2016 Census there were 13,305 – a growth rate of 51.3 per cent.

The property market also experienced solid growth, with median house prices increasing 26.5 per cent over five years to $449,000, according to CoreLogic.

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New First Home Loan Scheme Starts Today

Today marks the beginning of the PM’s First Home Loan Deposit Scheme. Scott Morrison announced the scheme during the crucial last days of the May election campaign, stating it would allow first-time buyers to enter the market sooner by requiring them to save deposits as a little as 5 per cent.

While not every first-home buyer will be eligible, the scheme does have some great advantages. Firstly it enables first-time buyers to purchase homes with deposits as low as 5 per cent, and less than 20 per cent, without having to pay lenders’ mortgage insurance (LMI), which will save between $5,000 and $15,000. Normally all purchases with a deposit under 20% will require LMI costs. `The federal government will act as guarantor for the difference between the first-home buyers’ deposits and the 20 per cent threshold (eg. if a participant has a 5 per cent deposit, the government will act as guarantor for the remaining 15 per cent)

This is designed to allow first-home buyers to get into the market sooner, as the time it takes to save a deposit is considered one of the main barriers to home ownership. This is very good timing as the market is expected to rebound extremely quickly and strongly this year. The scheme is only available for singles with a taxable income for the previous financial year of $125,000 or less, and couples with a combined taxable income for the previous financial of $200,000 or less.

Those intending to buy with a relative or friend are not eligible and buyers must be Australian citizens aged at least 18 who’s never owned property before. As with the FHOG, buyers must intend to live in the property they buy, move in within six months of settlement (or the date an occupancy certificate is issued), and continue to live in the property as long as the home loan has a guarantee under the scheme. Buyers must also have a deposit of at least 5 per cent, but no more than 20 per cent, and a loan term of no more than 30 years.

Buyers can only buy residential properties either an established dwelling, a new-build dwelling bought under a house and land package, as land with a separate contract to build a home, or an off-the-plan arrangement

Properties must not exceed the $475,000 cap for the Gold Coast so Finnegan Heights Coomera offers many House & Land packages that qualify for the scheme. It is only available to the first 10,000 applications Australia wide. Contact Us for more information on 1300 657 646

 

Applying For The FHOG in QLD

The Queensland First Home Owners’ Grant is a state government initiative to help first home owners to get their new first home sooner.

Depending on the date of your contract, you’ll get $15,000 or $20,000 towards buying or building your new house, unit or townhouse (valued at less than $750,000). The grant is paid per new home and not to each of the applicants for the same home.

You can buy off the plan or choose to build yourself.

To be eligible for the grant:

  • You must be at least 18 years of age.
  • You must be an Australian citizen or permanent resident (or applying with someone who is).
  • You or your spouse must not have previously owned property in Australia that you lived in.
  • You must be buying or building a brand new home.
  • The value of the home including the land is less than $750,000.
  • You must move into the new home as your principal place of residence within 1 year of the completed transaction and live there continuously for 6 months.

The value of the grant depends on your contract date:

  • $15,000 for contracts dated
    • October 2012 to 30 June 2016
    • 1 July 2018 or later

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Coomera Connector To Commence

It looks like Gold Coast motorists could be one step closer to seeing some much-needed relief on the Pacific Motorway, with the State Government starting planning works for a second M1.

Queensland Premier Annastacia Palaszczuk has today confirmed that consultation for stage one of the ‘Coomera Connector’ will begin next month, with the road promising to provide relief for the hundreds of thousands of motorists stuck in gridlock between Brisbane and the Gold Coast daily.

Gaven MP Meaghan Scanlon told myGC the area between Nerang and Coomera will be built as a priority first, with the first stage taking a whopping 60,00 vehicles off the notoriously busy stretch.

“We know that there are 210,000 vehicles that travel on the M1 between Coomera and Nerang every day, current estimates tell us that constructing that section of stage one would take approximately 60,000 vehicles off the M1 so that’s a massive amount of cars that would be taken off the M1 and onto that alternative corridor,” Ms Scanlon said.

It’s been revealed consultation will start next month, with locals urged to have their say on the connector.

“Locals are encouraged to have a look at this route and put forward their views… that will help us develop a detailed design and then we can go straight into that business case process,”Ms Scanlon said.

New home owners concerned about the road being built right on their door step are also being assured that they will be kept in the loop.

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New School Opening In Coomera

The Labor Government has announced that a $32 million budget has been allocated to education infrastructure on the Coast in 2017-18.

Nearly $12 million will go to the new school in Coomera.

Construction will start next year and will open in 2019. This is a welcome news to parents and students alike as classrooms are currently packed. all kinds of investment directed towards education are of the essence.

An extra $950 million is allocated for school infrastructure across Queensland while $25.6 million will be spent on the foreign student International Education and Training Strategy.

Other education infrastructure projects in the Gold Coast include the completion of the fourth state of Pimpama State Secondary College ($5.6 million), hall and classrooms at Pimpama State School ($4.5 million), classrooms and building at Southport Special School ($4.5 million), classrooms in Caningeraba State School Bluewaters ($4.4 million), classrooms at Tamborine Mountain State High School ($1.2 million).

Thousands Flock To Coomera Opening

Thousands of locals gathered today as Westfield Coomera on the Gold Coast opened the doors to its $470 million development for the first time. In a rare Greenfield development, Scentre Group and QICGRE owned Westfield Coomera unveiled the living centre of the future. In one of the highest growth regions in Queensland this centre focused on experience, family and service will delight Gold Coast customers.

A vibrant social destination located in the growth corridor of the Gold Coast, Westfield Coomera is Scentre Group’s very first greenfield development and is delivered in partnership with QICGRE. Spanning 59,000m2 of indoor-outdoor retail and leisure space, Westfield Coomera will offer 140 specialty stores from launch, a two-level dining and entertainment precinct, market-style fresh food, quick eateries and a never-seen-before purpose-built recreational park, appropriately titled ‘The Backyard’.

Built in response to significant growth that has already happened and is forecast to continue in this part of the Northern Gold Coast, Westfield Coomera has been designed to be the heart of the booming region. Not only providing a Town Centre for the community, but employment opportunities with almost 7,500 jobs created during construction and in retail on completion.

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